Tuesday, June 23, 2009

I want my mummy

Well no harm has been done, i was waiting to set myself into a nice short position but i think the opportunity has gone and i will be looking for small bounce to go long then to go short.

the first 'stop' for the Dow is 8220 and the XJO is 3720. Below are both the charts. I will be looking for a bounce of these support levels.

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I'm now a little uncertain about the next week or so's trading, short-term focus is the game plan. Holding these bottom support lines is critical....but i must stay 'open' minded and not try and tell the market where to go but trade with it.

safe trading

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