Friday, December 9, 2011

JEF (Model Portfolio Short)

Keep an eye on JEF's parabolic move today, you may be interested in taking a position or adding.

 JEF making a parabolic move today, which I view as emotional outbursts and often can be taken advantage of as they tend to reverse in the same parabolic fashion.

 The 1 min chart could easily confirm, but it has not and remains negative.

 The 5 min chart remains negative

 As does the 15 min

 As well as the 40 min above and 60 min below.

You may want to watch price for a reversal if you are interested in JEF on the short side, which obviously I am as it is in the Model Portfolio.

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