Thursday, May 7, 2009

sketching the potential

Being one that relies a lot on RSI signals, I'd love to see us cave in down into the 875ish range before turning back and kissing the 200 day moving average in such a way that RSI screams to double down on shorts.. I'm position in FAZ, SMN and SRS and would love a chance to add on a retest of the highs as sketched in the chart below.

..
Was looking for a key reversal type day in the stock market but it appears as though it may have showed up some place I was not expecting...

No comments: