Warning: Proceed With Caution...
Posted by
Jeffrey Ziegler in
Uncategorized on
June 2, 2010 |
2 Comments
Hope you had a great Memorial Day Weekend. For me, it was all about lacrosse games and hanging out with the family… the perfect kind of holiday in my book!
Over the weekend, I caught up with a friend of mine. He told me something that reminded me of most traders these days…
He told me this story,
“The other day, I went for an afternoon run on this awesome mountain...
2 Responses to “Warning: Proceed With Caution”
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I’m already short — have been for awhile.
Hi Jeff, interesting story and very true to life, warnings repetedly go unheeded. I was in very bearish positions until this morning when I all of a sudden I realized that this market is not headed for a black friday or black monday but is acually bottoming out at this level. Daily has gone into uptrends on some of my favorite indicators MACD and STOCH and Williams , and weekly’s are very near the bottom of the range still open but below -80 on the Williams headed for -100, the only concern I have at this point is my 2 Line EMA,it turned negative on Monday, not a good sign but I think we’ll be higher by experation never the less. Bye for now