Monday, March 17, 2008

Afternoon Review - 03/17/08




Afternoon the lunch correction back to the 0930 ET open, the market reversed in the afternoon as indicated by a downtrending $TRIN.


I have a tendency to enter too soon when I sense a reversal. It is best to wait for the test of the last low or high, or at least wait for a 14 period ATR reversal signal and then a correction back to the 20 period EMA for an entry. Anyway, we had a nice reversal move this afternoon.
Charles

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