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To finish off the gator, a sell signal today at 100-17, as well as a
DiNapoli Double Repo sell signal (good book by the way) at 100-20 (not
shown), would have put traders short. Also a negative DMI cross today in
the
1020 hour also yet another caution at least short term.
I am not sure of the 1-2-3 count down (shown on the Advanced GET chart) so
ignore at the moment,
it could also be an ABC with a "hammer" bottom in place.
Anyway a trading opportunity and something to watch if you were tempted to
go long in those areas. Can they fail, of course they can, that's where
money
management comes in, and a failure also tells you something . . . . (notice
what followed the sell signal).
And always, always, remember "don't feed the gator" unless you enjoy being
gator meat.
don ewers
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