Thursday, June 24, 2010

Keep An Eye On the Possible Diverdences Forming.

The 30m charts may be setting up a nice buy situation. Keep an eye out just in case. If not now it may be soon. This is a dangerous spot (as is any in this market) to look long esp with GDP coming out tomorrow and the bad news coming in droves. Keep those stops tight. I'm long TNA from 41.31 at this time and may exit some soon. Gong long now is like when we used to try to short it over the past year. A nasty thing to try and punch a hole against the trend. Be nimble and quick if you do or the pain you felt on the way up will be just the same on the way down.