I've been doing some reading and charting today and my thought process has been blurred. As you know i have favoured the upside for a while now but thoughts are creeping into my head, this is not good.
I have been listening to others and their suggestions and it is making my thought process blurry.
So.....its time to close out the longs and re-focus on a new game plan.
The Xjo is 'hovering' around an 'old' support line which is now reacting as resistence. This was highlighted yesterday in the two 'range bound' rectangles (red/green)
This next graph is the one that gives me shivers a little - i keep thinking if the 'top' is in then we will only make 'lower tops' and eventually enter a new down-ward channel.
finally a 'longer' term view. I was told that L-T timeframes should over ride the S-T timeframes but one day the reversal will come
safe trading
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