Friday, August 5, 2011

BOTTASTIC DAY 4

OK.  Will stop with the "Bottastic".  But it is what it is.



  • ranges updated    check
  • add to charts     check
  • add to blog for daily reference    check


We see a FBO or test of the upper range.  The market appeared a bit oversold, and the bull should snort once more.  The LBBO was seen and played.  What happened next was not expected.  A quick pop to hit the BOT +5 and +10 LBBO targets.  This is usually seen in an extended trend after the BO.

Not complaining.





1220 tick view



The pullback to the 50CB on the 5m chart can be seen as a 1220T flag.  Playable too.


The flag BO then relates to the MAXT on the 5m, a reversal at the EMA's


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