Beauty

Two trades were done successfully today. As soon as the market reached OEX r1 (627-628) a short was in order and was closed out at pivot 620. Why? because it held. Longs were initiated as it rose beyond 620 and closed out by the end of the day. Why? because it has gone past r1 (628) and beyond. Now that it has broken out of the symmetrical triangle to the up side more rise could be seen. Tomorrow's numbers are 635, 628 and 623. If it is a bullish trend under normal circumstances you would see it ride on r1 till it drops. But this is a skittish abnormal market and tomorrow we have PPI, Consumer confidence etc. and it is better to get what the market gives you and not be too greedy. As a side bar, this blog experienced the first spam on the weekend and in order to keep this blog clean, comments will be moderated from now on and you can still put in comments by validation and remain anonymous if you wish. Freedom after all has a price.

2c