Sunday, March 09, 2014

Short again



After been stopped as per plan I defined in I stayed away from the market ( even went to Miami to distance myself from erratic action), but on Friday went short again based on 2 charts


1. Copper – went through the TDST support on bar 4 which hints on further strong downside and if that happens with copper – not all is well in fairly tale economy of ours. But I will be watching copper’s action very closely – if it reverses without making new low – we might just have wave C up on our hands




2. /ES bar nine sell setup, entered short close to TDRL (red arrow) – will use it as a “mental stop”




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