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- The MKT is flirting with a shift in sentiment. Opportunity exists on both sides with the potential for a decisive session. On the SELL side FADE and REVERSAL strategies should be executed off the UP only, as any positive showing has the potential to be the start of something bigger. DP BREAKOUT strategies may need to be "worked" as false starts and stops should be expected. Use aggressive position and risk management on the initial failure signal. If stopped out, back off and look to FADE a positive push against the DIR rather than continue to press it in the hole.
- On the BUY side UP BREAKOUT strategies should just go if the MKT is going to transition higher. A sideways trade after a breakout signal is a sign of weakness, foreshadowing a retest of support before a new move north. DP FADE and REVERSAL strategies are valid as well as support levels near the previous session low. A break under the previous session low point is a negative signal that has the MKT vulnerable to a return to the offer.
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Please view these pages using Internet Explorer JS Services Price Map Tutorial 1 Week Free Trial Last edited by Admin; 09-02-2010 at 08:28 AM. |
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