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Trading my two cents

Zenhunter
Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

The dark force has been countered!

Zenhunter Wed May 23, 2012 3:35pm EST 2 Comments

Based on the chart below, I’ve to conclude that enough force has stopped the continuing down motion.  If price action can take out the high of yesterday doji candlestick bar, I believe we may find the bottom.   I moved 20% into equities today.  Still have 50% cash.

Good Hunting!

 

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2 comments

  1. Mr. Cain Thaler
    Mr. Cain Thaler
    May 23, 2012 at 4:25 pm

    LMAO yes sir, the good old 4.87 day moving average. Never fails…

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  2. zenhunter
    zenhunter
    May 23, 2012 at 4:31 pm

    4.87 ma? What’s wrong with 5 ma? Can you care to elaborate? Thanks!

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