Tip On Trend Reversals

Discussion in 'Strategy Development' started by kimlarinc, Sep 19, 2006.

  1. kimlarinc


    Trend Reversals

    Sometimes when a stock is on a downtrend it bounces off intermediate support levels for a few days before declining further.

    Look for it to hold this support level for a few sessions and break the downtrend line before calling it a trend reversal.

    As for Wed's trading, we're not doing much until we see what the FED says, we might even wait a day or two to see how the market responds.....we think they will continue to pause for awhile but will resume a few months down the line...what do you think?