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Robot will probably stay in short mode but will not find its short position
As the 20DMF is detecting some weak selling in the first hour of trading and since IWM has reversed from its resistance cluster, I believe that the robot will not reach its ideal short position.
So, we'll probably be in cash for the close of today. Without a bounce to the shorting zone, it will take a break down through the 50MA for the robot to find a new ideal set-up.
Pascal
Last edited by Pascal; 05-31-2011 at 11:17 AM.
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