A reader just made me aware of a perfect shorting opportunity in CEL. Now would actually be a perfect time to enter a short position to be held for at least 3-5 days. Using the 50-day MA as a guide, the pullbacks into resistance are orderly and predictable. The highest likely move for CEL is down. No long positions please.
Sunday, October 5, 2008
READER'S REQUEST - Cellcom Israel (CEL)
A reader just made me aware of a perfect shorting opportunity in CEL. Now would actually be a perfect time to enter a short position to be held for at least 3-5 days. Using the 50-day MA as a guide, the pullbacks into resistance are orderly and predictable. The highest likely move for CEL is down. No long positions please.
John, I am thinking of moving into either DXD/DOG or SH/SDS after the next rally. Thanks for your thoughts...J
ReplyDeleteI like DXD and DSD because the volume is high, very liquid. So far, the market looks like it will gap down 1-1.5% in the morning.
ReplyDeleteHowever, any major intraday reversal on high volume will mark capitulation and a bounce will be underway. At that moment, all shorts must be switched out to long positions.
Monday or Tuesday could be that day. who knows.