Wednesday, April 21, 2010

The Waiting Game: Wednesday April 21


We went into the open with sell signals all over the place.

We had two good bounces that I'm sure betrayed, robbed and confused most traders.

But we had a secret weapon to remind us that the market would continue down... the LML formations in the FRO.

So by cross-confirming we were able to take profits on shorts and get back in again on the next sell signal.

We also had a sturdy trendline that gave us an upper boundry for the pop-ups.
It was a good place to get short all day.


Tomorrow we should be back to normal with economic reports resumming.

Warning: Futures trading involves risk of loss of margin capital and more. Consult with your financial adviser to determine if trading futures is suitable for you.

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