Review of last night's trades. Personally, yesterday was a tough session to trade in. PRIME to PRIME trading would have been ok. But on oscillation challenges or trades, you would have been taken out a couple of times (if you had your trades on the safe side). We are still consolidating, on the TREND Chart, and we are reaching PRIME soon. Remember, a Higher Low on the TREND Chart and a confirmed failure of PRICE going down on the Trading Chart would bring us back up to challenge the last PRIME Resistance at 1444.50 & then 1445.00
Sorry but I will be "out of action" in the first hour of trading. Catching "Prison Break" on the telly. LOL
11:37pm Wow! What a difference an hour away makes! We are in PRIME right now, on the TREND Chart. Remember, PRICE will still continue to go down, until it fails.
12:34am Sorry again guys. Have been doing some quotations for my dayjob in the last 40 minutes or so...Will observe the market for a while. If I don't get any set-up, I'll go to bed.
Thursday, January 18, 2007
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