I would look for further decline to match Friday's low at 162.66 in a few days. MACD is still facing down. The strategy is to use any of EJ's strength to establish short positions, as opposed to simply jump on a trade and get slaughtered right after. Always refer to 5M chart for right entry. I'm done for the day, and will be back tomorrow should this strategy needs to be reconsidered.
Monday, April 28, 2008
Chart Of The Day
I would look for further decline to match Friday's low at 162.66 in a few days. MACD is still facing down. The strategy is to use any of EJ's strength to establish short positions, as opposed to simply jump on a trade and get slaughtered right after. Always refer to 5M chart for right entry. I'm done for the day, and will be back tomorrow should this strategy needs to be reconsidered.
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