Comments on: Building Shorts…Slowly

By: Leigh Drogen

Leigh Drogen — Fri, 09 Jul 2010 22:37:01 +0000

Primary trend is down, all moving averages pointed down. The good long
swing setups are few and far between.

By: Kid Dynamite

Kid Dynamite — Fri, 09 Jul 2010 22:26:43 +0000

i'm somewhat surprised to hear this from you… i would have expected a momo guy to go with the tape, rather than fight it… i guess there is certainly a downtrend going too, though, depending on what horizon you are looking at.

By: Michael Bigger

Michael Bigger — Fri, 09 Jul 2010 21:41:44 +0000

I feel the same way. I think we are good for a 2% down move on $spy.

By: Leigh Drogen

Leigh Drogen — Fri, 09 Jul 2010 17:37:00 +0000

Primary trend is down, all moving averages pointed down. The good long
swing setups are few and far between.

By: Kid Dynamite

Kid Dynamite — Fri, 09 Jul 2010 17:26:00 +0000

i’m somewhat surprised to hear this from you… i would have expected a momo guy to go with the tape, rather than fight it… i guess there is certainly a downtrend going too, though, depending on what horizon you are looking at.

By: Michael Bigger

Michael Bigger — Fri, 09 Jul 2010 16:41:00 +0000

I feel the same way. I think we are good for a 2% down move on $spy.