Blog Archive

Wednesday, December 28, 2011

Wednesday

Today's candle engulfed the previous two days. Tuesday's doji was the set up, and today's Long Black Candle confirms the short. 
My target of 1268 was missed by only a few handles.  1240 area remains the near term support and may still be the launch pad for 1290+, but the market is close to collapse.

Picking the tops and bottoms is not important. At this point it's being on the side of  the trend.


By the way I found this article very interesting
 Keeping it Simple - Day Trade Rules, a Pathway to Financial Security





This area of support near 1249 is quite important for the Bulls to hold. 

No comments:

Post a Comment

Today's Feature

PALESTINE ON THE WORLD'S ANCIENT MAPS

The Palestine which "never existed" appeared on ancient maps, in atlases, encyclopedias and bibles worldwide.

Posted by The International Palestine Network - Gaza on Sunday, February 21, 2016