Tuesday, January 4, 2011

Trade Guideline for 5-Jan-2011

Daily Trend is UP, with a neutral close on Tuesday. Where it opens on Wednesday is key as to the direction of the morning trend.

Opening below FT Pivot implies morning trend would likely down to below Tuesday's low before reversing back up, and opening above FT Pivot would imply morning trend likely be up to above Tuesday's high before reversing.