Thursday, June 20, 2013

June 20 - DOW -353

Sometimes you can get a great short even when the market is already down a lot.

You wait for all the signals to line up.

If AD is rising... then wait it out -- you'll eventually see the synchronicty in the form of a TL or double top/bottom... alerting you to the edges (and hence, where to place a stop).

Midday is nearly always a difficulty choppy time.

The eventual plummet - which was obvious due to extreme AD reading, resolved just after 2 pm and gave you everything you were looking for fast and easy.  Did you stay out until then?

Do you have the patience to wait for the set up?

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