Tuesday, January 5, 2010

Tick sentiment Jan 5 2010














- Yes , I'm back..Happy new year folks..
- Bullish start for the week. Tick extremes still kicking with bullish sentiments.
last day of the year recorded a down tick with a low @ 1109.75. I couldn't get myself to buy, lest a full blown correction was to start.
- Anyway got an opportunity today later in the afternoon at the 50 ema off the 15 min chart after the fade from the highs in the Am.

conclusion:
- Long @ 1128 with stops @ today's lows.
- initial target S1 1135 and target2 @ 1140 or S2

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