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.