Jan 27 2010

Thu, Jan 28, 2010

US Commentary

Weekly Trend: __ Down
Daily Trend: Down
Daily Momentum: Down

Price is currently in no-mans land. The downtrend is not firmly established yet and we feel the best action is to await a low volume bounce from which to find shorting opportunities. There are a few stocks worthy of brief bounces that could offer trades to the longside but these would be aggressive entries. Many of these kinds of entries align with Type-A bullish divergences. As usual we suggest trading with the major trend is the better option, however, if you’d like to see some of these counter trend trades please let me know via email.

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This post was written by:

Nick Radge - who has written 898 posts on The Chartist.


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