Friday, June 4, 2010

Trade Charting Update



sorry guys for not updating this on time ,, but i was frequently updating this position on the twitter so make sure u follow me there or at leadt follow the twitter tab on the right side of this blog.
with this strong conviencing push down that i anticipated in yesterdays chart and trade , i m seeing a start of a wave that will take us to a lower low , i m looking to add to this position as i wanna set a target for this move down beyond the yearly low so i need the flexability of having a full position to close half of it on the yearly low .
as shown in the chart ,, i m anticipating a rebound that could be limited and short due to strong momentum down , i ll be watching how the waves will develope to pinpoint the best shorting appourtunity which ill take it throught the weekend , but the levels to watch starts from 8345-80 , stay alerted to the blog and the twitter for shorting alert

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