Monday's Trade Setup: 1/12/09
Started by
Frac_Man
, Jan 09 2009 08:26 PM
2 replies to this topic
#1
Frac_Man
-
- Traders-Talk User
- 1,458 posts
Hank Wernicki M.A.
#2
Douglas
-
- Traders-Talk User
- 2,165 posts
Member
Posted 09 January 2009 - 09:21 PM
Hank, why are you interpreting this as a signal to go long. It looks like at best the ensuing rally will only reach the top of this small down leg, then it will turn down and continue to drop severely. Am I misunderstanding your chart? Thanks.
#3
Kimston
-
- Traders-Talk User
- 604 posts
Member
Posted 09 January 2009 - 09:25 PM
Looks like it might be better to wait for F11 to go short. BTW, I thought you were going to post something about a setup in gold or gold stocks (which both look very heavy). Did I miss the follow-up post?
Kimston
