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Monday, February 2, 2009

Sending an SRS

5d5m - cross below is not good. But look at where the hand is at.


10d60m - MACD cross below is not good. But look at the hand again.


daily - not quite buy signal. But look at the hand one more time.


P&F Chart - What do you see?


A common theme among all charts is support around 55-56.

WARNING: The last time I bought at 55, I ended up averaging down to 49.50 !!! Nevertheless, it was a profitable trade selling at 57.50, 60 and 62.

WATCH THE BOUNCE BEFORE THE POUNCE !!!