As projected yesterday, getting short on rallies will pay off today
Make it so, said the Captain
As for me, I intend to close out my shorts between 3pm and 4pm today
and might just do it in steps
heres why
90 bars @ 3pm is ALSO the daily HOURLY cycle
Then there is 102bars at 4pm, but that's not a typical bar cycle low
BUT , heres the IF part.
IF 3pm Accentuates the down trend, then it should continue to 3:32pm
IF 3pm is a high point, as if there were such a thing today, but as a trader,
you know what i mean, THEN the same thing 3:32 - 3:42 could be the LOD
the defining moment is usually @ 3:05 to 3;10pm
However, IF 3pm is making a defined low, then I would have a tendency to bail out
Either way you play it , it will have been a beary good day
More later
Jay
2 comments:
i think there's still a nice decline into moday yet with a rally starting late day. i could be wrong but that's what i'm seeing as of now.
alvin
Broadening Top Pattern - The possibilities are great for the week ahead.
http://photos.plaxo.com/photos/get/49/0/84/90/380/1585853-l-0.jpg
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