Wednesday, September 28, 2011

34 Short Setup Ideas & Market Update

We continue to hold steadfast to our bearish stance based on our historical models and current indicators.  Having said that, we would use caution in initiating overnight positions.  While day trades have been profitable for the scalper, intra-day trend traders and overnight positions have been subjected to too many violent shakeouts, which could shake a traders confidence for when the time is right.

We are waiting to see more tightness before getting aggressive on the short side.  Over the next two weeks, our belief based on our historical studies and current indicators, the market will present another tradeable short side opportunity.  As of this morning we remain mostly on the sidelines watching the action and updating our lists.  


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Always feel free to comment or email us with question, likes, or dislikes.

Enjoy the trading day :o)...
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