Jan 22 2010

Sat, Jan 23, 2010

US Commentary

Weekly Trend: __ Up
Daily Trend: Down
Daily Momentum: Down

Downside follow through on heavy volume suggests that we’ve got a lot further to travel. With the daily trend now down we should only be looking at short positions over the coming weeks. We’ll be scouring the charts for opportunities in the next few days and bringing them to you. There is no reason to be trading longside from here.

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This post was written by:

Nick Radge - who has written 898 posts on The Chartist.


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