Support and Resistance Trading Forum

Re: September Cocoa -> December Cocoa *PIC*
By:Alan C.
Date: 8/7/2009, 12:22 am
In Response To: Re: September Cocoa (Deadlydoggy)

I'm losing confidence re Cocoa's direction. There's recently been much up and down movement in relative strength, albeit the general direction has been down. However, 14-day exponential RSI signals keep changing: "down" at A; "up" at B; "down" at C. Then today (Thursday), as Mark has noted, price drop stalled after penetrating 2878 (Dec Cocoa). I sold today at 2849, but after watching essentially no movement for about an hour, I lost confidence in the trade and bought back at 2852.

Responses To This Message

Re: September Cocoa -> December Cocoa
Deadlydoggy -- 8/7/2009, 1:35 am
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