Friday, December 18, 2009

There is a new Center Post

There is a new center post formed in the above chart of the 10 minute DIA.  The left side of the T begins as the old T ended.



 

The double bottom in the above oscillators confirms the center post formation right at the support level.

 
The higher lo on the oscillator that occurs at a lower lo of the price further confirms the new center post of a T.  I executed the following trades:
Bought BGU @ 50.68
Sold Short BGZ @ 17.83

2 comments:

Anonymous said...

I'm close to getting off the train.

Jim

David Corna said...

Jim I got off at the close. See my next post. DC