Hey Everyone!
Here's a quick video showing what I think's going to happen tomorrow, overall conviction to the downside unless the economic reports change anything.
http://www.youtube.com/watch?v=lNJ6ISWIrn0
Also here's an article about minus development which is where a market hardly trades at. For example after 10:00 EST today the market fell from the economic data with hardly any trades occuring between 1064-1060, providing resistance at 1060-1061 at 2:30 EST.
Here's a little article about minus development.
Also here's a little diagram I made about minus developement.
A
ABC
OBCD
ABCDE
ABCDE
ABDE
DEF
DE
DE
----------
E
E
E
E
E
E This area of E'S is called
E minus developement.
E Providing support and
E resistance.
E
E
E
---------
GH
GHIJK
GHIJKL
GHIJKL
GHIJK
GHI
GH
G
Thanks for the support everyone!
Julian
Tuesday, September 29, 2009
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