Monday, September 19, 2011

Glad I was patient, because I was WRONG

There was no trigger for me to get short, although one would have been nice for a scalp at 1195 the first time around.

The volume pattern kept my "powder dry" as they say and we are trying to claw our way back. Breadth is still -1700 and we are still down 15, but we have almost an hour to go until the futures close.

New TICK high here may be a short term climax, but for now, I'm standing on the sidelines awaiting a better entry.

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