Wednesday, September 28, 2011
No good. The volatility has been more than my 15-min system can handle, but for the last few days it is swamping even my 60-minute system. The last 3 60-minute signals have been losers (starting with the gap up yesterday). Like I said Monday: If this thing breaks 118 on this wave, likely a new buy will get triggered (that is a very ugly set up).. Ugly indeed. I am sitting out until I get a compelling setup, and frankly nothing looks good in the no-mans land between 114-119.