03 November 2009

2 NOV 2009, Monday



  1. Expecting bounce...would love to see it stay below top white line (1075 area).  Would like to see the swing lows (black bars) taken out with subsequent upswings setting lower highs followed by downswings with lower lows...definition of a downtrend.  Remember, right now, I've been playing the very short term as it seemed to be weakening and perhaps it morphs into something more.  Lower white lines are potential intermediate targets.
  2. SH bought at 54.8 (stop moved to 54.2), last close 56.7.

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