daytrades oct 27 afternoon, page-139

Hi Burnett and thanks for the kind words, much appreciated. Truth be known our trip to Thailand was kind of a forced one as a good friend of my wife got married there and she was a brides maid. Anyway we made the most of it so can't complain. It was tough to stay away from HC and the market but it did me some good. As PJ said I missed some great trades but the market isn't going anywhere and there will always be opportunities. A bit like HLL I prefer not to chase but rather find support and bottoms etc which suits my style of trading so no probs that I missed some screaming up days.

As far as DMA goes yesterday was a tough day on the market so I'm sure some market sentiment crept into the performance of the sp hence the sell off imo. It definitely looks like it wants to take a rest and the daily stochastic in particular looks very bearish. Ann looks pretty good to me so with some market stability the sp should hold the levels on the chart below imo. 50% FIB is at .235c so look for that to hold.


8 month daily chart