Sunday, May 22, 2011

A Reversal?

We have a similar set-up like the one we saw a month ago on April 21.
While we have technical formations clearly showing reversal in buying strength, price may take a short break and resume to the upside.


A good breakdown will provide a very profitable summer, similar to 2008 when we saw record-breaking swings that yielded massive profits.
Either way, I am ready to trade one-day-at-a-time and take what I get.






The charts below give evidence to a good and profitable day Friday.














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