Saturday, February 27, 2010

Tim Sykes' JYHW trade, Jan 27, 2010

JYHW day chart
Japanese candlestick pattern known as handing man started this very strong downward trend which lasted for six consecutive days, coming to climax on January 26 -- a belt-hold line day which, despite a downward gap at the opening and an increased volume, failed to accelerate the price decay. Tim went short on the fourth day of this powerful trend. According to the log on his site, he sold at $1.28, covered at $1.10.

No comments:

Post a Comment