September 4, 2009

09/04/2009 intraday update

3:04pm

if we make new high here, them next resistance will 61.8% retracement level…

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2:11pm

on 5mins chart you can see this rally more clearly.  will 4th time be the same?

 

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2:08pm

OK, overshoot indeed happened and now trace back to the key resistance level.    Let’s see if this short-term counter-trend rally will end up here or not…

 

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12:17pm

the wave is stronger than I expect.  as planned i entered some short position here.  But it may overshoot the resistance here a little bit…

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11:33am

today is a good time to add short position.  15min chart, the best opportunity is the yellow circle are near 200ma

 

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