Use indicators for timing (a novel idea!)
A second test is common
Drill down to indicators for confirmation
1200 on S&P is seen as an important level.
Flags are bound by parallel lines
There are not only S&P futures, gold futures, oil futures, there is also the 30-yr-bond futures!
Use TYX to track interest rate of 30-yr bond.
Not a day to be short.
Monitor MACD and ROC — take them seriously.
Impose structure on the chart.
AVON – bribery probe – selloff and never bounced.
DEVRY – upgrade and never retraced.
FED language change in fiscal policy rumor – dropped markets – markets spiked down.
Thought for the day: some days are tougher than others. Don’t beat yourself up if market was difficult. Look how well you did today!
Interesting website http://www.frauddiscovery.net
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