News analysis on NEP
Well guys, the good news is we’re still here!
Day: May 27, 2010
5/27 MidDay update
We are right under resistance….lets see if this afternoon we can make a push through. on 60minute timeframes the markets have broken loose. If downside protection is needed a short on the $spy or using $sds can be made. Note that stochastic is not yet overbought, but at least near the …
5/27/2010 watchlist
Odd market..With the fade yesterday pretty much the text book play would be gap down. Looks like we reversed in the futures markets. this is bear market trading my friends. Full of reversals, no trend…nothing stays the same for more than 1 day. throw all our old swing strategeis from 3 months ago out …