Thursday, September 2, 2010

Half-way Through A Choppy Day


At about 1:30 it looked like we'd have an afternoon sell-off.

Price was squeezing tighter and tighter all morning.
If we were using any one of these chart views alone we would have gotten short and gotten robbed.

Most of the FRO formations were saying "sell".
And a minute or two later this 60 minute chart above signalled a "buy".
Continue on the next blog entry above to see how I decided to buy instead of getting mugged for 8 points.

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