MON 70 short from last night's newsletter:
Interestingly enough we were more interested in this short today with the market rallying than if it had been selling off. Why? Because had the market had been selling off, while very oversold, we'd be looking constantly for signs of reversal. Instead the market gapped up and ran while MON showed excellent relative weakness. Set-up at 70 was excellent and worked for over 1.5 points.
