Monday, March 14, 2011

Friday, March 11, 2011

5 ma monthly could be target....


It's a fight between the declining 5 ma daily and the rising 5 ma monthly. I give the monthly the benefit of the doubt. Looking for longs .....

Thursday, March 10, 2011

Pressure in the daily, but support in the monthly....


We lost the 50 ma daily and target could be the 100 ma or the 5 ma monthly. Looking for longs but waiting for signals in the smaller frames.

Monday, March 7, 2011

5 ma daily was and is support...


The lows of friday are important. The cross 5/20 daily is still there....the bears could take control again and a new pullback is possible.

Friday, March 4, 2011

50 ma daily for the second time...

The trend was up yesterday. Looking for a higher high or a lower high in the daily. The cross 5/20 60' is important to watch. Trade what you see.

Wednesday, March 2, 2011

A drop of 70 points...


Again a test of the 50 ma daily. We see also a rising 5 ma monthly. The negative sentiment is temporaly if the bigger frame is strong enough.

Tuesday, March 1, 2011

mixed signals yesterday...


A lower high in the daily frame is possible, but the we need a new red candle. We trade what we see.