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Tuesday, May 17, 2011

5/17 12:30

DJI has not overlapped the April high and is rallying.  All of the chart traders are short.  I sold my short ETFs near the DJI lows.  Let's see who is right.
Any new low in DJI proves me wrong about a rally from here.
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2 comments:

  1. AnonymousMay 17, 2011 at 10:04 AM

    Steve

    I sold my shorts also. 100% cash. Hourly chart MAC D is exhausted.

    Jack C

    ReplyDelete
  2. AnonymousMay 17, 2011 at 11:15 AM

    Can you be more specific about this rally? You don't see new highs for the month do you?

    ReplyDelete