Monday, December 1, 2014

Green Light until !!!

Market is slowing down.  Still Green Light until we get 3 red bars down on the Daily.  We have two for now.  No going long in stock and options.  Still holding what I have.  If we get a 3rd bar down place a fib from highs to lows and look for the half back short at the 50 to 61.8%.  Go short in the major indices with a stop 4 ticks above the 61.8.  Looking for a pull back.  When the half back short triggers remove your long stocks and options from the market. Do not take longs at this time until we break the half back short.

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