Wednesday, December 16, 2009

Why did I stay in SKF SRS?

Some quick notes. Many other reasons in addition to below. Will add more detail later but wanted to get this thought out there.

resistance was tested today in spx xlf...R held. prices started declining toward support, i expect further declines to test support once again in the coming hours / days.

xlf daily 3 lower highs
xlf 60 min 3 lower highs. rsi down. stoch newly oversold.

spx cannot hurdle the highs...rejected 5 times on daily

srs held support yest. poss dbl bottom daily. inside day. mMm daily. rising 60min stoch n rsi. bull diverg.


3 failed new high attempts...60min qqqq. the third failed attempt often results in downside plunge.




* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".

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