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Old 11-01-2007, 02:47 AM
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Re: DJIA Candles

Good catch on the Monthly Tin.

I said in my blog and on here that I was bearish going into today. We did get a bullish engulfing candle, but it ran right into resistance so I am holding my bearish stance until I get confirmation that a long position will hold less risk. That doesn't mean I would go short, it just means I don't like the idea of going long right now.

I think the NQ is the best play out of all the indexes. As you can see the NQ clearly broke resistance and with strong volume. Let me know what you guys think.
Attached Images
File Type: jpg esdaily oct31.jpg (226.1 KB, 7 views)
File Type: jpg ymdaily oct31.jpg (209.6 KB, 8 views)
File Type: jpg nqdaily oct31.jpg (209.7 KB, 6 views)

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