June 17, 2011

Short-term: 1 green, 3 yellow
Intermediate-term: 4 red
Composite: Bearish

Conditions for an short-term oversold bounce are now nearing. Mainly awaiting a catalyst though I should state that the one and only green light right now is also the narrowest and most volatile indicator. IOW – I’m not jumping in yet. I am however pulling together ideas for both a shorter-term trade and watch-list ideas for a longer-term buy.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: