Tuesday, March 1, 2011

TRADE ALERT-IYR

PUT THIS ONE ON YOUR RADAR- (short)

 A Dark Cloud cover so early? There's an excellent chance this is the false breakout that we like to see before entering a trade, thus we are not caught in such.


 The daily 3C chart seems to indicate that there was heavy distribution...

The 5 min chart confirms yesterday's price strength in a negative divergence as well as this a.m.'s gap higher.

This is one to really consider (short)

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