Friday, November 13, 2009

Tick pressure sentiment nov 12th..


















Notice the selling pressure points this week( -1000 tick readings ,marked in red)).. Marks a turning point.
For a swing trade, I'd stay short until buy pressure points( +1000 tick readings marked in green) begin to appear and out pace down ticks.

Conclusion:
- seller have control.
- I sold short at the green up-tick extreme (@1095, stop 1100) ..

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