Monday, June 1, 2009

staying short until the RSI signal blows up

As I mentioned earlier I'm holding pat on my short positions as more technicals are lining up suggesting a top is in. The short term tick indicator is flashing a sell which is usualy good for 10 to 40 points however in this case it has more meaning while it lines up with an RSI divergence sell signal on the daily at the same time fib times and price targets have been met. If they manage to blow up the RSI sell signal tomorrow then I will have to cover and reassess...

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