Good afternoon shake. I have not traded at all today.I think I will wait until the mkt picks an overall direction.Seems like the 200 ema on the 1 hr provided strong resistance and the 4 hr is looking short again. Usually, I will sell failures when the price is under the 200 ema and am cautious about buying until the price is above the 200 (1 hr). Hopefully momentun will pick up a little later or tomorrow to present some good trading opportunities. I try to remain unbiased about longs or shorts but the 4 hr h/s is still intact so I am thinking the northbound movement that occurred today may be temporary until the rt shoulder is violated.
Last edited by PipChick; 04-14-2008 at 05:15 PM.
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