Thursday, October 21, 2010
10/21 11:50
Bought DX at 77.37. The high was 77.54 but the wave count is now 3 up with a 5 possible as long as 77.32 is not broken.
10/21 11:30
Got a 5 up on the DX. This greatly increases odd of breakout beyond 77.52 and supports stock market decline for the next hour. Buying DX 77.35
10/21 11:03
Bought 1% DX at 77.24. Selling at 77.42 and buying again on a stop at 77.52.
Reason: just got a small 5 up and 77.24 is at a M/A.
Reason: just got a small 5 up and 77.24 is at a M/A.
10/21 10:45
The count on the dollar is 3 up from last week's low, making a buy signal by piercing it's key short-term M/A. It then completed a 3 down without rescinding the signal by declining .45 points beyond it's M/A on an hourly close. At this point the M/A is 77.60. Any hourly close below 77.10 will be a new bear signal. Meanwhile a 10-minute M/A is declining fast and is currently 77.43. I'll be buying a DX at 77.13 limit or 77.52 stop. I'll be adjusting the stop price as the M/A declines. If filled the stop will be hourly close < 77.10. If taken out then DX is destined to hit 76.12.
Subscribe to:
Posts (Atom)
.bmp)
.bmp)