Tuesday, May 3, 2011

5/3 10:30

Back and rested.  SP futures trace a 5 down from the Bin Laden high with a diagonal triangle as the final 5 within it.  They broke their 30-minute M/A (currently at 1360.46) and this sell lasts until a 30-minute close .5% above the M/A.  That makes for a good sell point at the M/A.
I need to re-boot in order to upload images.  Once the current phase of cycle generation is complete I'll boot and include images.
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2 comments:

  1. AnonymousMay 3, 2011 at 7:59 AM

    Steve

    Are you looking at an hourly 30 min .5 brake?

    Jack C

    ReplyDelete
  2. SteveKotelesMay 3, 2011 at 8:23 AM

    Hi Jack, the 30-minute break down has occurred. This means I want to sell on the return to the M/A with a stop .5% above it on a 30-minute closing basis. It's easier to explain with charts.

    ReplyDelete

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