covered our long ..., page-11

re: still in wtf mode but ... Hmmm ... still parked neutral as previous ... not desperate for an entry ... Chrissy came in Oct for traders.

XJO still in WTF mode retesting resistance 5458 (only due to a positive lead from the DOW) as we speak although a couple of recent higher lows allows for a possible trendline break to the upside ... against this was the failure at 5500 so it is also possible that support(S2) at 5400 may be revisited before this lot is done ... this is all purely DOW driven sentiment now.

As previously, we were cautious about a LONG entry at 5458 and this proved to be a false break ... ouch ... we now feel inclined to remained parked whilst in this 100 point range and will look for a LONG at beyond the double-top at 5500 not forgetting the SHORT at anything below 5400.




Cheers ... tight stops.


This is only my view ... read the red stuff.