Monday, 18 May 2009

The larger degree trend


Hi Everybody,

Today I have some good examples that will help with many questions I get on a regular basis, and that is what to do when the larger degree trend is unclear ? As such I do suggest you read all of today’s entries to follow the examples though.

A good example was on Friday, so let’s start by looking at the 15min Russell Index chart ?

As you can see, the picture is not clear at all with no obvious DP support or resistance zones off which the markets is reacting.

Now compare this with the 15min YM chart in the next post (above)

Thanks, Steve