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fredag 7. november 2008

Friday Update. Testing Upside

US Update 1540: DJI: Awaiting BDD=8575 t0 be tested.
Trading strategy: If DJI exceed DD=8900 on the upside, all shorts will be covered.

Update 1500: OSEBX: Head and Shoulder CONFIRMED.

Update 1324: DJI: "The Three Black Crows" candle formation. Essentially, it is a reversal formation that occurs following a strong advance. If DJI continues its negative pattern on The Fourth Candle, then it is likely that the issue is going much lower: BDD=8575

Seeking Alpha: "Friday Outlook: From Bad to Worse" (click)

Update 1222: Potential Head and Shoulder Formation.
Intermediate Downside Potential ( -7,5% ):OSEBX: Important levels DD High=265,20. BDD=239. DD Low=223
Short term risk reward ( +6% /-8% )

Trading Strategy: Awaiting BDD to be tested. If OSEBX exceed DD High, all shorts will be covered:

Active Trades: LONG TMT Tech Basket U.S (+8,90%) LONG Xcact BEAR (-21,25%) SHORT STL (-5,86%) LONG DUG (-4,02,%) SHORT REC (+16,51%)

Active Trades: (-5,75%).

Executed Trades P/L: (+202,50 %)

Total P/L: (+208,25%)

Terminology: My Dynamic Theory

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