Monday, March 3, 2008
New Short Signals
Today the VLE and the Cabot's Tides confirmed the downtrend as the 25demas for all were down 2 consecutive days. We will go short on both systems tomorrow on the open. However, don't be surprised to see a rally. Fakeouts have been the norm for the last 4 weeks. Unless there is a montser rally tomorrow, it would take at least 3 days and probably 4 or 5 to reverse these signals, so don't be too concerned about a rally unless the Qs take out 44.53 convincingly.
Posted by R. Craig Pritchard at 8:00 PM