Thursday, March 16, 2006
The double top on the Dow Jones 10 minute bar chart is being perfectly formed by the double top on the 5 minute bar chart right now. The first real sell point of the morning was just set up. It's been a great run up from the opening bar and the double bottom at 9:30 and 9:35. I don't trade the overnight session so didn't even have my computer on to catch the first rally at 8:30. No problem. There'll be more. As a matter of fact my thinking is to leave this short alone and sit tight. We're getting quite a bullish push in the Dow and S&P these last few days so I see these selloffs as corrections to support in this recent bullish trend.

Why not take a look at another way to earn money while sitting in front of your candle stick charts. If you've ever traded spreads like I do at the beginning of the grain season or option spreads if you can do the math, you already understand arbitrage trading Click Here to check out the truth about arbitrage trading as a business and let me know what you think. I see Risk Free Profits as a good thing.

Let's talk! Otzi@telus.net

Powered by Blogger