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You did say, “Bias-up,” right? – If, Then… Market Timing

You did say, “Bias-up,” right?

By Rod David | June 10, 2008 - 2:26 pm

[pay]Yep. And yet S&Ps have dropped 13 points from the ESm 1367’25 high down to 1354’25. The resolution has been expected to be down, and nothing is changing that. But the interim steep sell-off was not on the menu. MACD & RSI did improve into the low and currently signal a recovery above 1357’25, confirmed above 1358’50 and targeting at least 1361’00-1362’00.

I would keep a tight stop if long – such as 1356’00 – and consider shorting under 1354’75 for a dive targeting 1342’25.

[/pay]

Posted in Bias-parameters, S&P