you are predicting the market. the future is very difficult to predict. I am trading with the MA, the trend is my friend.
Before you make an ass of yourself, at least wait 30 minutes until the CPI numbers come out. Futures are up like crazy... See, I predict a new high for the Dow...
Well now I am going to make a prediction, and I am positive I will be correct. When the market does tank, blue will post he was right, AND he made an enormous profit that more than offset his previous calls.
Cut your losses short is one of the first things I was taught. Looks like some just keep hoping for that miracle turnaround.
blue i know you may be bearish but you shoudnt be thinking selloff, seems like you posted that before the CPI data. I would have waited for 8:30 to make a direct call. Right now looks like a 1%+ move is happening.
Dow has its own mind, it is NEVER due for anything. (review 2003 to see what I mean) MACD and RSI are oscillators, not definitive indicators. Don't bet your life saving on it.