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Tuesday, April 9, 2013

Retrace and then pump again

On monday, the down trend did not continue per Gann's 3.5 days from the recent top.  We saw +divergence on our charts.  Since then, smart money p/c sentiment climbed to 100%.  It never fell below 50%. 

Today, people in the chat room saw negative divergence on 10min chart, so we waited and went short at 1573.  This after some people in the chat room going long from 1539.  Support at 1562 and at 1556.    If you missed going long last Friday, we should have another opportunity in coming days which will catch everyone off guard.



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