Thursday, February 12, 2009

DXO

watching..being disciplined..not getting excited about the price surges..trading isn't about catching every move. It's about waiting for the correct move.

low volume gap fill on 20min.
20, 50ma still declining
need 50ma to flatten out to decide entering another position.
so far any rally attempt has failed.
looking for possible higher low for better basing structure.

price blew all daily ma's.
5dma = 2.58
20dma = 2.62
50dma = 2.73

spy and general market not helping.
spy below up trend line on daily.
low volume gap fill
possibility of huge washout today.

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