|
PureBytes Links
Trading Reference Links
|
Ben,
We will have secondary reaction down on Monday or
Tuesday, If NASDAQ open on open gap up you know it is the end sell immediately,
the market maker and the specialist will start selling short, you do not want be
left holding an empty bag. It is the end of measured move obviously. Without
going into Gann, following the western methodologies , you have area gap with
90% chance of being closed soon, It has to close before the trend
consolidate or even go higher. Monday if I want to play the minor swing down, I
will sell my long position on few ticks below the low of today(Friday) and stay
on the side or go immediately on the short side taking the swing down until the
gap around 1950.
For myself, I will follow my rules and avoid the
temptation of this minor swing down. Think big: if you are money manager, you
have to buy this period of time or you will miss completely the boat. Some
"elephants" may think this could resemble 19.. when the market increase until
September then start to go down, this mass psychology pattern is possible but
will see how dynamics cycles will affect it.
Haytham
Yahoo! Groups Sponsor
Paid Net2phone Advertisement - Click Here!
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|