Archive for May 31st, 2006
Wednesday, May 31st, 2006
[photopress:simsci_12_min_closed_trade_1.jpg,full,pp_image]
It was rather slow trade. However, it was profitable. Entry at 282.9 and exit at 282.3. It is a very small gain. Exit decision was made as RSI was making higher lows in oversold zone and recent downtrend line was broken. I have considered failure swing in ...
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Wednesday, May 31st, 2006
Short level has been moved up to 282.9. Nikkei extends losses to more than -300 points,12-min chart of Nikkei shows a failure swing of RSI indicator which support my bearish sentiment. SIMSCI has from a descending triangle again. Short position of SIMSCI has been established after ...
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Wednesday, May 31st, 2006
It does not take a bachelor of science to understand that current market is in very negative sentiment. It looks like more than correction. Though I hesitate to say downtrend is in place. I am waiting for price setup to establish short position of SIMSCI. ...
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