Friday, November 24, 2006

Post Holiday Slum?

No trades yesterday due to Thanksgiving Holiday in the US.

10:30pm
We have a breach of last PRIME Support 1401.50 on the TREND chart and with it turning down, will go SHORT on a PPF of Resistance on the Trading chart - will see if we get a chance to do this in PRIME territory, or Minor, on the Trading chart.
10:43pm No Trade. Still waiting for a PF.
10:49pm If taking a SHORT here, it must result in a breach of 1400.00
10:55pm Movement is pretty slow...being a Friday, and Post Holiday.
11:03pm Still waiting for the PPF. Looks like we may get it in PRIME.
11:06pm Interesting scenario: We are now in PRIME Resistance on the trading chart, and in PRIME Support, on the TREND chart.
11:08pm SHORT 1403.75 / STOP 1404.75 - This SHORT must take out 1400.00
11:19pm Out at 1404.25 / -0.50pt Not dropping & TREND chart just turned up. Decided to get out first.
11:20pm Phew...just in time.
11:43pm Calling it a night. PRICE movement just too slow to keep me awake.

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