Tuesday, March 22, 2011

CAT TRADE (SHORT)

 BELOW YOU CAN SEE THE 15 MIN 3C CHART SHOWS NO CONFIRMATION OF THE BREAKOUT MOVE, WHICH SUGGESTS THIS IS ONE OF MANY FALSE BREAKOUTS.

As for entries, more aggressive traders may want to enter here/today, if you are more conservative, then a break below $106.03 would be more appropriate. My stop would be at $107.71

No comments: