Monday, August 24, 2009

This was my dynamic new high / new low indicator during that market plunge. 100% red means lots of shorting opportunities. Basically close your eyes and pick a couple and you will have winning trades.
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2 comments:

db said...

Hi Scott,
When you see these thing spinning in this example all New Lows, assuming you've picked two stocks, do you enter asap? Or you wait for a pullback?

1:51 p.m.
Scott said...

That all depends on the stock. Sometimes jump in sometimes wait. However I know new lows create more new lows when the markets are selling off.
If you guage the momentum correctly though you can already be short minutes before the herd joins in and markets step down like this.

5:27 p.m.

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