new2chartz wrote:First time Long time here, trying to get more acquainted with technical analysis, and mostly I just love reading all the commentary on this blog which is great.
So a friend of mine said that the best short out there is the IWM, so I've been short the past few weeks and it has clearly been going against me, Any advice or chartz out there that can help me decide re: IWM's? Thinking about knocking the lock off my safe and doubling down here, someone has to pay for little Johney's college education amirite?!? Thanks in advance for the tipz!
Never listen to friends, do your own research My research says to go long (and cover shorts) if iwm moves higher (stays higher on a closing basis). But as I said, you've got to do your own analysis.
"get out" means cover your shorts ...
Last edited by uempel on Thu Oct 30, 2014 2:12 pm, edited 1 time in total.
pullback a little late than I thought. it should be 2 small legged.
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2nd small leg down as expected. now I need see more bars.
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