Friday, February 5, 2010

Turn?

Shorting under 1100 has been working fine, but I am starting to pick up some divergences on my oscillators and today is a cycle turn day. Payrolls is always a volatile event. Did you see the revisions they are putting in? Things were worse by about 800k jobs. This number with its Birth Death revision has become worthless. I am amazed people think there is any information in it any more.

This has been a good move down. One TD Wave count I am using has this as a B wave. With that in mind and the above qualifications I am going to start to look for some upside if price starts to turn.

Have a good one.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.