Wednesday, July 29, 2009

Index Chart Analysis

Let's quickly go over the index charts and see where exactly we are in this choppy mess from hell we have been going thru all this week. I have been trying my best to keep trades at a minimum and cut losing trades asap or use tight stops. Thus far, the consolidation to resolve overbought is working out exactly how the bulls would want it. I am expecting a move to happen soon, i am giving the edge to the bulls here and think we "might" see a rally attempt soon. We shall see.....

attached are 30 and 60 minute charts of various indexes i track.

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