Friday, February 19, 2010

still not convinced..

I struggled with the idea of covering all afternoon but didn't because I can still see price inside a defined channel with a RSI divergent, though fading, on the 60 minute chart. The 120 minute chart is still a firm sell signal. Also often is the case that price hesitates for 1 or 2 days before reacting to events, this often confuses and gives a false sense of calm specially near C wave terminus...


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