Monday, April 5, 2010

Don't Panic continued.

Update on the daily chart. Bearish divergence is still in tact with new high. The short-term bearish divergence trend broke on some of the indicators (such as CCI), but overall it is still ok. I expect come corrections coming with possible new highs while the bearish divergence is held in place. This is why I disklike trading off the daily, 60/30 minute charts, It can hold bearish divergence for a very long time. You must be patient, From my entry @1180 i'm down only 7 points.

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