Rabu, 16 Mei 2012

Value Goes Lower

Yesterday's value in the stock indices continued lower. Great opportunities in these extraordinary transitional times. I continue to trade the trend on my single chart as that is THE trend. Support for the stock indices are still much lower down from here (eg 1289.0 for the ES). We are way oversold, so a bounce is probable before we hit support.

It's about an hour before NY lunchtime and the market is holding in the ES and the other major indices. I traded from the long side and was rewarded for my efforts. It's good to see so many opportunities again in the ol' ES.



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