Wednesday, July 7, 2010

Out of Steam at 1,048?

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Not sure, but looks like we are going to take a breather any time now.  I forgot to mention this analysis technique - which is to look at a faster time (this is a 5 minute chart not a 60 minute chart) and assess the strength of a current move.
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It is a bit trickier to get your buy/sell signals this way, but it works more often than not.
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Let's see if it works this time.  It worked for about 30 minutes.  1,057 now!
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Click on the chart to ENLARGE

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