Thursday, August 26, 2010
Hourly and Daily Timeframe
I have conflicting signals on the hourly and daily charts. The hourly chart looks bearish, and we should finish near the day's lows today. On the daily chart, it is bullish, with a washout low at 1040 support yesterday. I am trading based on the daily chart so I remain bullish on that basis, but I see room for weakness today.
Subscribe to:
Post Comments (Atom)
Posts
1 comment:
Based on the daily chart, we may gap up tomorrow.
Yesterday, I had the thought of selling at today's opening. I should've listened to my own suspicions. This market will not likely run away to the up side.
Post a Comment