Thursday, September 22, 2011

On to the scent

Now we follow the trail. There's some decent movement in 3C, now to figure out duration and where they are going with this. I don't give opening trade too much credit as it is usually a lot of manipulation, but we could either be building a short term trade or something bigger, it's good we have this much movement already.

If the DIA (and the others look like this too), moves to a new low on the day and 3C keeps positive, then we'll be checking the 5,10,15 to determine what's going on, but I think we are definitely on to something here.

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