The purpose of this blog is to provide a unique insight into trends that guide market prices. It is intended to educate and show you characteristics about the stock market, of which, the so called "professionals" have no clue. Traditional technical analysis is almost completely worthless and that is one of the main reasons for the creation of this blog. If you enjoy market analysis and information that you will find nowhere else, this blog is for you!
Monday, February 3, 2014
Covered 2/3 of /ES short @ 1734.25
I don't expect a big bounce but 15 pts is possible. With some of the ST indicators showing oversold readings I decided to go ahead and cover most of my short position. I will look to re-enter shorts around 1750.