Monday, May 18, 2009

K.I.S.S

Lets keep it real simple tonight.
It is as simple of as that, that trendline and 20EMA have held as support. Till the bears can break that this market goes up. Will there be opportunity to make money on the short-side before this happens Yes, but it is all relative to your time-frame of your trend. If you are longer-term bearish, shorting at these levels is not worth it. Short-Term, look at the 60 MIN stoch it is very overbought. The market did close it's gap from the 13th and yes the volume was low today. Next area of resistance is 915-925.