Thursday, January 7, 2010

Is The Slogging Over?


Maybe we will see some real trade now that we've closed above 1128 for four days.

It was a pretty simple day. One-way up.

The condensed 240 above illustrates that we've kind of moved above that treacheous zone. Just a year ago we were on a mad rush to the bottom of the abyss just below this level. The market 'remembers' things like that.

Been blessed with easy opens the last two days.

And the 60 minute above has given us good entry signals well before the open. It's also given us HMH formations that helped us stay long through the intra day chop.
Hopefully we'll see more volatility so our daily point profits will increase.
Warning: Trading futures involves risk. You can lose all of your capital and more. Consult your financial adviser before trading futures to determine if it is suitable for you.



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