Wednesday, August 17, 2011

The 5 ma daily is still support...



The 5 ma daily is support but the declining 20 ma daily remains overhead-resistance.

I repeat that we see a negative 5/20 daily in a positive 5/20 monthly. That means "daily frame" traders remains negative as long as the 20 ma daily is resistance.

For the "monthly frame" traders is the 5 ma monthly target.

Plan a trade and trade your plan.

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