Pascal
05-21-2012, 04:15 PM
We had a valid 20DMF Buy signal issued at the close.
The overall volume today was not impressive, but the MF itself was very strong.
Normally, we should open lower tomorrow, which would give a good entry opportunity.
I bought 1/3 of my IWM allocation and will probably buy another 1/3 tomorrow, on a pull-back to support.
However, the damage of the past week has been very intense and we always have to suspect that the previous low could be re-tested.
Pascal
14339
The overall volume today was not impressive, but the MF itself was very strong.
Normally, we should open lower tomorrow, which would give a good entry opportunity.
I bought 1/3 of my IWM allocation and will probably buy another 1/3 tomorrow, on a pull-back to support.
However, the damage of the past week has been very intense and we always have to suspect that the previous low could be re-tested.
Pascal
14339