вторник, 14 апреля 2009 г.

RTH - use consolidation @80 to short

Logics: break or consolidation at 80 (no matter higher or below) for up to a week will open opportunity to short this retail index. RTH's rebound from MA200 is supported by even better down trend movement of DJI: its low on 9 March was lower than low of 21 November though it has a room to meet its MA200 @9000.

Timeframe of the deal: 3-15 days.


Entry signal: consolidation if no super-positive fundamental data arises.


Deal type: correction movement (rebound from MA200) which later can be used as a buying opportunity.


Target: 73 (~30% of last month movement of 19$)


Fundamental: March sales show further weakness. Probably laid off consumer will be weak at least for a quarter or two when we will see effect from government aid programs.

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