sara - baring any big gap down or sell off, I think the
charts are setting up for a bounce based on the divergences,
stochastics, based on th 15 and 30 min charts. however the 60 min
charts need some work and the regular 14/3 stochastics might need
to work it's way down again, so we could still see another pullback
and retest.
one trade to take
Quick Market Obvservations - video format
Posted by sara on 16th of Aug 2010 at 04:32 pm
Thanks for the video. If I understand your assessment correctly - if I have to take one trade, it will be long going into tomorrow, right?
sara - baring any big
Posted by matt on 16th of Aug 2010 at 06:26 pm
sara - baring any big gap down or sell off, I think the charts are setting up for a bounce based on the divergences, stochastics, based on th 15 and 30 min charts. however the 60 min charts need some work and the regular 14/3 stochastics might need to work it's way down again, so we could still see another pullback and retest.
Anyway we'll see and react to the market.
thanks
Posted by sara on 16th of Aug 2010 at 06:45 pm
thanks