Tuesday, September 11, 2007
Sunday, September 09, 2007
Saturday, September 08, 2007
Market Reading - Friday Sep 7th PM - Bounce or no bounce ?
Here is the RUT reaching a bottom after the morning fall. A Strong MM support seems to hold, and the question is: What next? Is it time to exit short? go long?
Can we extract interesting clues from simply reading our indicators?
The next 4 commented charts should help you read the market dynamics (or lack of it actually...).
Having said that, the longer time frames (60min, daily, weekly) will certainly provide a very different picture.
Can we extract interesting clues from simply reading our indicators?
The next 4 commented charts should help you read the market dynamics (or lack of it actually...).
Having said that, the longer time frames (60min, daily, weekly) will certainly provide a very different picture.
(Chart 1)
(Chart 2)
(Chart 3)
(Chart 4)The market then came to a close.
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