Not a day to go long, or?
In our empirical experiment to see whether charts have any predictive value, here’s another one, from Ryan Mallory again.
| 19 August 2010
Posted in Articles
The market didn’t like the jobs report one bit and erased all of the mornings early gains with all the major indices currently trading in the red. Whether the ‘dip-buyers’ jump in and hold this market up, or the bears use the bad jobs number to push the market lower, remains to be seen.
LONG: Sina.com (SINA)
SHORT:KIT Digital (KITD)
1 response so far ↓
1 Technical Trading Ideas scorecard — shareholdersunite.com // Aug 21, 2010 at 5:50 pm
[…] SINA long at $42.2 on Thursday 19/8/2010. (M) The support at $42 seems still in tact, only just. Down 8cents.. […]