Monday, December 15, 2008

Different day, same pattern.




After a nice run up, momentum is slowing so it's time to take profits and short sell them.
Lower red line shows long entry. Upper green line shows short entry. Upper red line is price point I'd be proven wrong and stopped out.

SKF












SRS

















S&P 500 and QQQQ 5 minute











15 minute charts SKF SRS

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