Friday, June 4, 2010

A new high but, divergence steps in

Wow! A new high in the present move but, the steam seems to be running out. Bearish divergence has stepped in and there is continued down tick while the trend is strong. Swing trades need to wait more, whereas it is a happy bull ride for the trend trades. Long position gains close to 40 points on spot values; the advantage in this position is the closing in on the spot/future discount. This adds close to 10 points profit.

Either way when it is a happy journey, let's take it with cheers.

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