Friday, January 27, 2006

Can there be a change in wind direction?



The Euro and Cable drifted lower over the last 24 hours and it seems as though there may be continued downward momentum....

Yesterday was a long and hectic day for me personally - as the majors appeared to be going into a corrective posture. However; what I am seeing this morning may be the start of a short term reversal at 4H speeds which may spill over into the 1D speed for a substantial target layout. Ichimoku patterns are somewhat complex at this stage which is another good signal that the Euro, Cable, Swissy, and Dollar Yen mayhave visited thier highs and lows at this point...

Today I am in observation mode with no alarms set (seeing that my yesterday alarms were ignored) lol!!! and I am in a neutral stance - The 1D charts are staed in trend - while my 4H speeds are showing change in direction. I am looking for key araes to be broken as well further confirmations before I favor the change in directions.

Have a Great Weekend - And Be Careful Friday Traders!!!!

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