Waiting for this weakness was like waiting for a much needed rain in the summer. We all knew it would eventually happen, but we just didn't know when. I'm using this weakness to scalp some shorts intraday primarily.
Surprisingly the volume has been low on this pullback. I'm also rapidly going through charts to find long setups.
good luck out there. Its OPEX week so don't be surprised to see lots of chop.
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downside volume is picking up the pace...
ReplyDeleteWeakness is abound
DeleteS&P has defended 900 intraday and have sent some shorts out the door.
ReplyDeleteTenYear, Thanks for the FXP alert you posted on Zee's site, I believe, on Thursday last week. I followed you and bought and then sold 1/2 as you did on the 8% AM spike. I sold the remaining shares yesterday at 16.75. I may not post too much during the day because I am at work but I am "watching" reading your updates as well as Zee's. You guys make a great team. Have you thought about partnering with Zee as those guys did on IBC and you and Zee market your web site?? Maybe a business opportunity there. (Maybe no interest, it would be a committment,...just a thought.) Seriously, Thanks very very much for the alert!!! This extra money supplements my income from my full time job and helps tremendously with family expenses!!
ReplyDeleteHey Nergo!
ReplyDeleteGlad I could help out on that FXP!
...tricky markets we have now.