Wednesday, May 18, 2005

5/18/05 open

The high of the first bar served as the high until 9:21. We had several Tick attacks but they couldn't pierce it! Even the one just now retreated. I do the the lows are higher but the highs are not. I would view this as a double top. I am now short, but I expect it will be a while until the weakness ends... if it does and I am right. If it blows through those prices then we may be in for another run, however, if I'm right we are seeing a huge amount of high tick and the market isn't making new highs... denotes heaviness, as the greatone would say.

Comments: Post a Comment



<< Home

This page is powered by Blogger. Isn't yours?