Tuesday, November 29, 2011

A Few Short Setups to Consider

Don't know if this market is going to fall back down toward the abyss anytime soon, but today certainly wasn't an impressive follow-through to yesterday's relief bounce.   We may move a little higher in the short-term, but I think there are much better setups on the short side than long right now.   Here are some to consider...

All Charts from Telechart, Courtesy of Worden Brothers, Inc.

1 comment:

Anonymous said...

hi mac

buy at dips finished, certain pressure on me last 3 days. finally, my bullish view ends today too.