Pascal
02-27-2013, 05:21 AM
Although the MF of yesterday was not that impressive, I took the long trade since it balances the short SPY trade triggered by the 20DMF Short signal.
If we have the sequester without any deal to kick to can down the road for another few weeks, then there will be pressure on the markets, but also on the gold miners.
If the can is kicked down the road, the markets will probably bounce pulling the miners.
Note that if we fall back below 0, there will be a short signal but with the weak statistics for a short trade, I will pass the trade.
Pascal
17462
If we have the sequester without any deal to kick to can down the road for another few weeks, then there will be pressure on the markets, but also on the gold miners.
If the can is kicked down the road, the markets will probably bounce pulling the miners.
Note that if we fall back below 0, there will be a short signal but with the weak statistics for a short trade, I will pass the trade.
Pascal
17462