How's That Recovery Comin?

[jms62]

Originally Posted by wiphan

What you saw was the Dead Cat Bounce, watch the market start to deteriorate....

I've been short via ETF's since Week of March 7 when Nasdaq Weekly MACD turned negative. Just getting my head above water the last 2 weeks... 200 Day average coming up shortly on both COMP and SPX, you usually see a bounce. Interesting to see how this afternoon will play out given that it is the summer.. If you see a recovery I'd be extremely worried as it is a setup.