Thursday, August 16, 2012

BIDU

Is almost certainly going to be a short/add to here today, it' making a pivot, it's parabolic, and it's almost entirely negative except the 1 min timeframe which is what I'll be watching as a signal.

 BIDU formed a VERY noticeable resistance area, it becomes too juicy a target not to shakeout, there's too much money lost in not shaking it out just from volume rebates alone.

 1 min is in line


 But, there's no 2 min strength at all.


And the 30 min at the range... Well it speaks for itself.

I'll have to see if I have room to add, but whether I do or don't have room, I certainly would if I did have room as soon as that 1 min goes negative, well it's a little more involved than that, but that's the main first step.

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