05 August 2011

5 AUG 2011, Friday

  • And that's why I respect the 90 MA.  Risk increases below it.
  • Yesterday was bad for the bulls.  Oversold is getting even more oversold.  This oversold is comparable to fall 2008, spring 2009 and summer 2010...very overdone.
  • Expecting a bounce.  Bounces below 90  MA are shortable.
  • Below, chart on historical duration of unemployment.  A prayer to God for those that need His strength and comfort during these unimaginable times.

    No comments:

    Post a Comment