Day: May 11, 2010

  Short watchlist as we dont need to be overtrading:   If mkt runs down..keep an eye on some of the metals like gold/silver etc   exk a bit tricky but its held its 50dma on multiple touches serving as support.  a position can be taken on breakout or as close to 50dma as possible.. …

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      Yesterday we got a classic squeeze on the EU news.  The action was inconclusive as we gapped and then ran right into resistance. Through my experience after such a nasty drop where the structure of the market has changed a break back over and through resistance doesnt happen on first try.  Bottoms …

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