Tuesday 9 February 2010

Daily Chart About to Join the Weekly?

As you know, the monthly chart is on a “sell” which allows for taking a position on the weekly chart. The weekly chart will go on a “sell” and a short trade will be called for on a break of 1044.50.

If the weekly goes below 1044.50 then trades can be taken on the daily chart as well. Look where we found support on Friday’s plunge … right at two previous TDST support lines. A close below 1046.50 would make the daily chart equivalent to the weekly chart in that a potential short trade would be set up.

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