Tuesday, May 5, 2009

End of Day Review 05/05/09




Today was a very narrow range day, which means that a breakout in one direction or another will soon occur.
Charles
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2 comments:

  1. AnonymousMay 6, 2009 at 8:34 AM

    hello Charles,

    this morning I will sell all my longs and with the help of a tick divergence go short

    ReplyDelete
  2. Charles A PennisonMay 6, 2009 at 9:28 AM

    Hi MaxFactor,

    Playing devils advocate, the market is still in a bull phase, and could possibly test the 965 area.

    However, taking some long profits here is not a bad idea.

    Charles

    ReplyDelete