A lot of times it's hard to follow those who comment on the market because your time frame and the commentators time frame is different. For example, I'm trying to work a day or two or maybe three trade back to the bullish side of the ledger yet I'm fairly pessimistic on this market in the two to three week time frame. Many time commentators do not make it clear what time frame they are talking about which leads to confusion. I try, as best I can, to reflect the time frame I'm considering when I make calls on the market because without timing and a sense of how long a trade should last, you are blowing in the wind.
As for the end of day, I've a bullish bias as I'm looking for a short squeeze to develop. That positive divergence on the NASDAQ gives us the bias into end of day and the way they have traded here in the last hour or so truly looks like it's developing. I've covered all my index shorts and am looking to get long ... in the NDX.
As for the end of day, I've a bullish bias as I'm looking for a short squeeze to develop. That positive divergence on the NASDAQ gives us the bias into end of day and the way they have traded here in the last hour or so truly looks like it's developing. I've covered all my index shorts and am looking to get long ... in the NDX.
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home