XJO 0.67% 8,150.0 s&p/asx 200

spi road map page 5, page-42

  1. 12,703 Posts.
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    zoombie,

    the red line is the line in the sand..(LIS)defines the trend
    above you are long, below you are short..
    against the trend is for scalping..
    as all those nos are very strong nos, as they stem from the LIS.
    if you look at the chart you can see how it will hit a no, and it has 80% of a retrace, perhaps to the next no ,but if against the trend it is a scalp..until it breaks the LIS..
    hope this helps explain the road map to you
    ac :-)
 
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