Market Comments: Down Trend confirmed...
The markets are in a defined down trend on the daily charts and they are trading below key areas of resistance. So, our trading should be done on the short side only at this time. If we see 60 min. buy signals we must remember they are occuring in front of the negative backdrop. When we get sell signals on the 60 min. then we can participate on the short side because of the daily sell signal in place.
Friday, June 13, 2008
6/13T2:27
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