invest-in-vision: January 2010

Thursday, January 28, 2010

Again a good example that the bigger time frame the smaller overrules. 5 ma monthly stopped the

downmomentum intraday.

The market bounced, but continued below the 5 ma daily. 5 ma monthly is 9992 and could be target.

The bigger timeframe overrules the smaller ones.

The 5 ma monthly is in play, perhaps a reverse is possible. Always wait for signals in the smaller frames.

The 5 ma monthly almost reached. Waiting for signals in the smaller frames to go long. Don't catch a falling knife!!!

Technical is a reverse possible when the price hits a moving average in a chosen timeframe.

Watch out for the divergence in the daily frame between es, ym and nq.