Monday, August 10, 2009

"Becalmed or the Calm before the Storm?"

"Energy is being developed for a "Feeding Frenzy of Euphoria" or just an "Old Fashioned Correction."
Trade Page Aug. 10 - ADs. UVOL/DVOL, MACD, CCI, RSI can all contribute to trade decisions. Ovals synchronize time of entry in the above display.
2 Day, 10 min. - Aug. 10 - Double Bottom around 1:30 offered a signal for possible entry which would have been a profitable trade.
20 Day, 2 Hour - A picture of what "cannot go on forever."
3 Month, Daily - Aug. 10 - Bullish Trend dominates the picture. The market is very overbought and well overdue for a pull back.