Subscribe Now

Tuesday, October 6, 2009


Today behaved as expected. We did indeed test the underside of the wedge and it reacted instantly.

Now the million dollar question... Will it turn right here or keep on going?

Honestly I have no idea. Today's internal metrics were very bullish with Advance/Declines north of 8 to 1.

I actually re-entered my shorts that I dumped at 1020 today. I'm not very confident at the moment but I will pay to see if the bulls can make it go higher, I'm using Zé Manel's stop

Someone brought to my attention, on some other blogs using my graphs. I don't mind people using my graphs as long as they credit me. I would appreciate that if you do use them, please make a little comment crediting me or refer to this blog.

Thank you
blog comments powered by Disqus

Live Economic Calendar Powered by the Forex Trading Portal
Disclaimer: The information provided on this website, while timely, colorful, and accurate, is not to be taken as financial, legal, tax, psychological or any type of advise. The purpose of this website is to track the progressions of human herd psychology as it is reflected through several financial markets. Any commentary on this page, however useful it may be, is used for illustration, and to inspire thought provoking discussion, and not to be taken as specific trade recommendations. We are not endorsing any site or service, nor are we promoting choice examples as real-life trades. If it sounds sarcastic, it probably is and if it offends you, just don't read it. There are tremendous inherent risks in attempting to trade any market using any vehicle, particularly if it is leverage. Please contact your broker to explain all risks involved in the vehicle you will be trading and any questions you may have.

Back to TOP