Feb 5 2010
February 8, 2010 by admin
| Weekly Trend: | __ | Down |
| Daily Trend: | Down | |
| Daily Momentum: | Down |
There is a lot of action within the setups today mainly due to the need to vigorously defend shorts after last nights strong reversal into the close and the creation of lots of Type-A Bullish Divergences. The market rallied close to 170-pts in the final hour on news that the ECB may have found a solution to their debt issues. We will also add a number of new bullish trades, some reversal and some continuation, with a view to profiting from an expected bounce in the coming week. Again I reiterate that is these times we’ll not be using a trail stop, but honouring profit targets as listed.
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