Tuesday, October 16, 2007

Break of Doldrums Range

We finally had a break of the Doldrums Range by the ER2. That's the good news, the bad news was that it was a break to the downside, so I lost on the longs. I sold the longs and went short with my 15, 5, and 2 minute momentum signals. Only problem with this short trade is that YM has not had a clean break of the doldrums range. It pierced it but has not recorded a 5 min bar clear of the range. We shall see.

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