Wednesday, July 21, 2010

7/21 3:00

Critical support and my stop is at DJI 10040

5 comments:

  1. 10400 seems ambitious? Earnings are dismal, Macroeconomic environment is terrible. Not sure how 10400 is justified?

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  2. Hi Ed,
    My sell stop on my long position is at critical support which is 10,040. This is the 5-minute, 380-unit M/A -1.35%. I got long at 10,065.
    How are you doing?

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  3. I shorted earlier today. All the news seems negative. I can see 9400 before 10400 but I am using rational thought rather than someone else's money. Anything is possible in this market. NASDAQ settled close to the lows of the day. That can't be positive.

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  4. Hi Ed,
    Glad you're short. I did not forecast 10,400. I'm short now as well.
    Keep your comments coming...

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  5. I shorted because I read your blog! You said yesterday was the end of the run up. I just followed your macro advice! Thanks

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