bullish divergence macd ?, page-28

re: gann on nab-frankidee Arthur,

post was a reply to Hardballs about trading opportunties on banks and slagging traders that are holding losing positions whilst they attack traders that are short on banks and trading the downtrend,

And they delude themselves about the falling prices on banks.

I'm not short on NAB atm, I covered longs over a week ago from lower swings on the 18th of Novmeber, but I knew that once NAB broke 30.17 it was going to probably remain below that figure for the rest of the trading year, it just didn't provide the variables to short NAB last week,

But...

I Shorted CBA from Friday on break of 27.85 target 27.04 and exit.

And short on WBC 2 weeks ago after Div ex, exitted half today at 15.12 and next target is 14.69.

Banks will continue to suffer and even though they will probably swing higher in the back half of December, they will probably go lower in the early part of 2004.

Good stuff to all traders that have traded the downtrend and even traded the swings from lower levels and exitted.