View Thread Return to Index Previous Next

Support and Resistance Traders' Forum

Re: December 5 Homework *PIC*
By:Dino Dave
Date: Monday, 6 December 2004, 11:11 am
In Response To: Re: December 5 Homework (Don)

We have a continuation of the long term down trend with a bounce off of the trend line. The market is below all of the MA's. RSI is approaching the 50% line for a possible test. The Fib 62% of the last move has been broken and should continue in this direction. Both the W&M charts show the market knocking on the door of support, trying to break through. I'd plan a short trade below the double bottom of last Thur. and Fri.

Messages In This Thread

December 5 Homework *PIC*
Erich (vendor, CTA) -- Monday, 6 December 2004, 2:37 am
Re: December 5 Homework
Don -- Monday, 6 December 2004, 9:41 am
Re: December 5 Homework *PIC*
Dino Dave -- Monday, 6 December 2004, 11:11 am
Re: December 5 Homework
Shannon -- Monday, 6 December 2004, 2:34 pm
Re: December 5 Homework
Tom Loge' -- Monday, 6 December 2004, 5:06 pm
Erich--critique
JOB -- Monday, 6 December 2004, 8:28 pm
Re: Erich--critique March Oats
Erich (vendor, CTA) -- Tuesday, 7 December 2004, 3:56 am
Re: Erich--critique March Oats
JOB -- Tuesday, 7 December 2004, 10:15 am
Re: December 5 Homework
Don -- Tuesday, 7 December 2004, 8:29 am