Discussion in 'Technical Analysis' started by myminitrading, May 17, 2006.
This looks like a buy right about now.
Dow daily futures chart
Good retracements are reluctant and give up ground grudgingly. Parabolic moves are dangerous. I would be cautious here.
As ugly as this has been the up trend is still intact on daily and weekly. I will watch it closely here near these trendlines for a reversal candle.
Don't know about a buy right now but I'll be heading into tomorrow trading session with my position size managment larger on Long positions while my Short positions will be smaller in comparison.
Larger on the Longs.
Smaller on the Shorts.
position size management
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