Exact Low Reversal

Home / Market Comments / Exact Low Reversal
July 30, 2007

The market is reversing nicely based on oversold indications, but I talked about it last was the exact lows close. It represented selling exhaustion late in the move. Thats a bad sign if you are short in the short term. A hopeful sign if you are stuck in a long position like moi.


Tags list


Related Posts

I Only Own One Stock
Leveraged ETFs, Leveraged Funds, Technical Analysis, Trades
I got out of nearly everything today except for 1 stock and that not stock isn’t anything special. Running for the exits? Not exactly. Just...
I Went Long On Thursday
Trades
I forgot that I didn’t post on Thursday, but I went long the indexes rather heavy at the close. Markets appear severely oversold and ready for...
Market Acting According To Plan
Market Comments
Yesterday I said, “Looking to buy weakness today, but not this morning. Waiting to see if we end weaker at the close with kind of a blow down....
Not Long, Cashed, But Looking For Opportunity
Market Comments
I didn’t get to post yesterday, but I cashed my index longs at the close. The bounce didn’t really happen – it came close and...