Reason to short:
1). Bear Divergence on its daily charts. (Oct. - Nov. price up, but MACD down).
Short at NASDAQ 2378.
It may be a little bit too early to jump in based on the weekly MACD (sign of top, but not yet).
Bought to cover @ 43.42.
Reason:
1). So many people saw bulls on Daqian, and the market seems very bullish.
2). The daily MACD cross up.
Short QQQQ @ 21.78 on Nov.9-2006
7wolves (2006-11-12 13:28:51) 评论 (0)Reason to short:
1). Bear Divergence on its daily charts. (Oct. - Nov. price up, but MACD down).
Short at NASDAQ 2378.
It may be a little bit too early to jump in based on the weekly MACD (sign of top, but not yet).
Bought to cover @ 43.42.
Reason:
1). So many people saw bulls on Daqian, and the market seems very bullish.
2). The daily MACD cross up.