Saturday, February 25, 2012

The thing with divergences is that they can continue for some time even though the stars may seem aligned. In other words, we are still waiting for a shorter time frame breakdown before we go short. I believe this is just around the corner but until then we patiently wait for that to happen. The risk for being long here is too high in my opinion because that downside catalyst can happen any day now and when it does, it will transpire very quickly.

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