Volume on this uptrend is dropping the longer we get into it. If the former high flyers FAZ SKF are stalling their down trend then probability is good that they will reverse and resume going higher. Take that $SKF the market is offering.
S&P and QQQQ
SKF
FAZ
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3 comments:
fng: i noticed that you've added some moving averages to your charts. do you use these in any way? You said in the past that you don't use MA to trade. is that still the case?
Stewie- I've always had a 7 and 17 EMA on the 5 minute charts for years. I don't really use them for anything other than sometimes keeping me in the trend. I don't use them as any kind of trigger puller.
gotcha. thnx!
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