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mduck
Oct 4, 2014 3:36 AM

dq Short

DAQO New Energy Corp.NYSE

Description

wait and see
Comments
Nick_C_
mduck
is it too early to hold the short?
Nick_C_
I would wait for a bearish reversal on the daily stochastics/new one bar low (this is an objective entry technique).. As the wave count suggests a W5 is still to come, although truncation is not out of the equation.. Would still be more comfortable flowing with the sell swing than shorting in a bull swing
mduck
make sense, but the entire market is still choppy, I still want to wait for the next step it makes. Since going long now is kind of risky now, If the market goes bad, I would consider short at 43-44
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