We are still in the Toronto index (XIU) but the fact that it is lagging is a worry, so we tighten our sell order to 16.38 to lock in a small profit, being out is ok at these levels.
Click to enlarge
Friday, August 28, 2009
Sloppy activity
We got another sloppy friday close, I am looking for a low on tuesday, but the picture says this could be the top for this swing. This is where the short sellers will try placing sell orders, because their risk reward is good. So I am thinking maybe a sharp down to 1005 early next week to pull in some sellers. I will look for a buy there. This is a very tricky place to trade!!
We are still in the Toronto index (XIU) but the fact that it is lagging is a worry, so we tighten our sell order to 16.38 to lock in a small profit, being out is ok at these levels.
Click to enlarge
We are still in the Toronto index (XIU) but the fact that it is lagging is a worry, so we tighten our sell order to 16.38 to lock in a small profit, being out is ok at these levels.
Click to enlarge
