Tuesday 27 May 2008

TRADE 20080527

Mkt overall direction is down. Am looking for short as price retrace to trendline. Didn't happen. Looked for wrong direction of trade. Price subsequently made a double top. I'm enticipating a down wave for short after DT, which didn't happen.

Still picking top and bottom. not entering according to wave direction.
POINT TO NOTE : After breaking TL, do enticipate trend change.