Tuesday, April 10, 2012

DIA Bear Wedge Follow Up Additional

DIA chart link - Again here\'s another update to our Short on the market via the 1X ETF for the Dow Jones, DIA.  

After today\'s move the market is now very oversold in the short term and probably due for an oversold bounce

congrats to those who took the short!  However if you are not currently short, then DON'T SHORT it here as the risk/reward is not unfavorable, instead wait for a decent oversold bounce as the market is probably due for an oversold bounce at this point.  

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