Thursday, March 10, 2011

3/10/11: Don't fight the trend...

until the reversal is confirmed.

We consider every pullup in price as an opportunity to enter short.

Break of 2283.50 would signal a potential trend reversal, long bias. But a break to the downside (after the 2283.50 break) of a critical level on our smaller charts will signal a continuation to the downside, with the break above 2283.50 being a false signal.

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