Day Trading – The Bullz And Bearz
Profitable Trading In Any Market – Stocks Options FOREX
ERY Trade Analysis – Trendline Support
July 29th, 2009
Markets are falling fairly hard today as the major indexes are down more than 1% right now. We really haven’t seen this type of downside movement in over two weeks, for some of us who still have some short positions, it’s working out pretty good.
On the energy side, I’ve said time and again that OIL would roll over short term and it’s doing just that. ERY is one way you all can play this slide. Notice that after it broke out of the back in June, it’s retraced the SAME exact trendline now finding support. Amazing how this stuff works huh people?
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