I am a tad late this morning but I was off the desk from yesterday evening. This is the last play of the day entry: this blog is shutting down. I will be leaving for graduate school at the end of August and from next week onwards I am simply taking time off to get some rest and get things ready for my departure. No more trading for me.
Now, since I am short at 4352, I am going to pull and xTrends kind of chart (aka "Pulling an Atilla"): that is, I am going to post the only chart that support my position :-) and disregard everything else.
See the divergence on the hourly below, as we made higher highs on prices the RSI, ROC and Linear Regression Slope all posted negative divergences. I am sitting here hoping this works...
If it doesn't work, well I'll take the loss and be done with it and realise I was wrong...some pseudo traders that run a popular blog could learn from this.
