Wednesday, February 9, 2011

Trading Guideline For Thursday


Wednesday was a consolidation day following a steady trending up day on Tuesday. If consolidation is complete, I would be looking for a breakout above the high on Thursday.

Failure to successfully breaking out above the high would imply more consolidation. I will use 2359.25 FT Pivot Level for key Line-in-the-Sand on Thursday, bullish above, bearish below.