turbulent tuesday, page-11

I posted this chart on the weekend - but I made a fundamental error which I wish to correct.

It's just my own theory on when to go long or short. The chart is self-explanatory.

My mistake was in using Friday's candle in my calculations when in fact the candle didn't qualify because the real body was less than 1.5% of the index and it had a long tail.

My level therefore is the top of Thursdays candle. Yes it had a long tail but that was no ordinary tail.

For now I'm still short orientated. A Dow close above 10,879 would see me long.

10cents