Monday 28 September 2009
Sellers remain absent. The trend is at a resistance area, unless sellers refuse to
enter the market tomorrow or price will continue higher.
Always wait for conformation. Sometimes you will give up a little, but in a case like the 1800 tic rally on Monday, there was no risk exposure or loss taken by waiting.
Keep it simple. Follow the tape, not anticipate it. Use sense, not ego.
