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I am close to taking a short positon. All that is needed here is a strong sell off to move my hourly indicators from overbot to oversold. I will close my long position and go short.
Steve
>>> Johnny Storm <iceman_nrg@xxxxxxxxx> 08/17 7:04 AM >>>
Hey RT's
I don't know about you all, but my gut feeling is the market is setting
up for a fall. My long term indicators have gone "bearish" (5/6) and
my short term bias for today is "down".
We had three market Bias indicators on TRADEHARD.com pointing downward,
plus my own indicators (3/5). I am curious is anyone reading the
market like this today.
Ochoa (Hedgefund Manager) went short yesterday and is looking for a
target of 1325 in the next couple of days.
So, for the day I will be looking for short trades on the 5 minute
bars.
JS
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