agnosia wrote:this is an amazingly technical market. both the /es and /cl ran up exactly to the weekly pivot and got rejected at that price. too picture perfect if u ask me.....
It surely is !! I had postedsometime ago that 1208 on the daily was very strong downtrendline resistance and we got rejected RIGHT there. So many stocks today that I am short bounced up to test the down trendline and got smashed! Loving it !!
I dont even watch the damn news anymore.
I was heavily short CRM for the last 4 -5 days. GOt great profits yday but didnt realize they had earnings last night (of course they gapped up to test the broken trendline on the weekly and got SMACKED back)....even though their earnings were amazing. Same with ANF.
The technicality o this market kinda freaks me out sometimes!
I just hope Ben doesnt come out and announce QE3 over the weekend. That would suck for anyone short into the weekend but hedge yourselves accordingly!!
GLTA!