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,

Thursday, February 23, 2012

Dax, Oil and Basic Materials

I have the DAX in short territory for daily trades, it needs to close tomorrow above 6865 (up 0.80% +) to reverse the shorts.

Basic Materials with the move from 297.19 to 283.20 reverse the uptrend; that move retraced 81% to 294.56, that’s the level for keeping shorts. If it Closes tomorrow below 287.77 I’ll be adding shorts.

Oil keeps strong, price below 640.99 at Friday’s close is selling the longs.

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About Me

I am a civil engineer who likes charts, to me, speculating in the markets is both a hobby and a second profession and in my view the stock market is the most honest environment, since it is only your knowledge and preparation that matters. I live, and work in the construction industry, in the Dominican Republic. I read and answer all my mail so please feel free to write sternloinaz@gmail.com Thanks, Erick