Hi, these are just ideas not recommendations, sometimes I trade my ideas, sometimes I don’t.
Always remember, yours is the responsibility for your trades,
Good luck,
Erick



Tuesday, November 1, 2011

End of the road....?

It looks like 12200 was the top of this move that started around 10655 for a 14.5% gain in 18 trading days, you knew that couldn’t last forever.

The market should hold above 11700 at today’s close, if not, a rethink of the waves must be made.

A final up move will be the last chance for selling longs with a profit, that final move will end between 12000 and 12200, and then a consolidation can take the market to 11250. If reached, that is the level to start buying again.

Here is another look,

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From the Dominican Republic - Swing Trader Speculator - Civil Engineer/Project Manager - sternloinaz@gmail.com