Red dots sell signals rock again today !!
* Market Breadth (MB) bearish since the open, prices pulled back to Buy Number (BN).
* 1st Sell didn't go far because MI (Market Internals) were positive. It showed some buying strength.
* MI turned to negative just before 6pm. Hence Sell signals after that time, 2nd Sell, were more profitable.
* Target L3 (Level3) achieved.
Friday, August 08, 2008
Sell and sell again on power down day
Friday, August 01, 2008
Low zone range 1 Aug 08
Today, it opened lower into the low zone and stayed in low zone the whole day.
O/S Exhaustion around 3.30pm, near S1, was supporting all day.
MB= power sell around 3pm but recovered. so buying is acceptable at 6pm, when it retested S1 with no power sell.
MI = bearish after 6pm, but not consistently.
Possible trades
Buy on green dots (MACCI OS+)
Sell on red dots (MACCI OB-)
Good range trades with 40pts in each. 1min targets were all reached.
O/S Exhaustion around 3.30pm, near S1, was supporting all day.
MB= power sell around 3pm but recovered. so buying is acceptable at 6pm, when it retested S1 with no power sell.
MI = bearish after 6pm, but not consistently.
Possible trades
Buy on green dots (MACCI OS+)
Sell on red dots (MACCI OB-)
Good range trades with 40pts in each. 1min targets were all reached.
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