My earlier post provides a view of the EWT with the continuation gap at 1018.
Happy Trading!
Monday, August 24, 2009
A view goig into 3:00pm (2:50)...
So we did get a gap-up, we did get a retrace, and now the question is do we get a test of the continuation gap at 1018. The following graph shows what I used for my trading decisions today.
My earlier post provides a view of the EWT with the continuation gap at 1018.
Happy Trading!
My earlier post provides a view of the EWT with the continuation gap at 1018.
Happy Trading!
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4 comments:
Thanks for your insight David O. I bought large sized positions of BGU in 2 accounts this past Friday. I dumped them after the gap up with an average gain of 2%. I ran with FAZ in the last hour and eked out a little gain for frosting on the cake. The market is going to baloney around for another week or three... then it's going to be a nice ride down the sliding pond.
Instigator,
Nice work - I'm glad you bagged some profits! Let's see if we get a test of the gap at 1018 tomorrow.
All the best.
hello david.. thanks for the charts.. where's better to follow how you're playing the market - here or on hms' site?.. thanks..
Hey Filmon,
Thanks for visiting.
I use my blog for "thinking through" the setups. I find this is the best way for me to remain objective. The setups that I state here are the ones I carry into the trading day. If these setups turn out to be wrong, I try not to make trades.
I do post on HMS blog and spend time there during the day. I think it is important to hear what others think. So, you can find me there as well making observations.
Feel free to visit and comment anytime.
Cheers!
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