Wednesday, September 14, 2011

A positive indication

One thing that is happening today which tends to suggest we will get more upside out of this current leg up (I sold 25% of my longs yesterday and continue to hold the rest) is the improvement on the 5 min charts, this effectively lengthens the duration of the bounce.

 The DIA is now in line with the price trend.

 The Q's have gained ground today on the 5 min charts.

So has the SPY.

This is good for our long positions, despite whatever may happen intraday.

No comments: