Friday, June 02, 2006

RE: SIMSCI 02-June-2006: Potential short

I was waiting for a descending triangle to be formed in order to setup my short position. However, trend reversed. Descending triangle formation was failed, and downtrend line was broken upward. Higher lows formed a uptrend line. A swing trade setup is completed. I am now looking at Long position at 284.6.

No comments: