Wednesday, February 10, 2010

2010-02-10 Bernake's testimony

Ben release his testimony this morning at 7:00. Market sold off after that.

Here is the note I had before 7:00:


hourly support 1.3700 level, resist 1.3810 level.
15 minutes resist 1.3760 level.

down trend... short

resist 1.3810 1.3760 1.3750
support 1.3723 1.3700

News coming at 7:00 AM 10 more minutes

short at resist or 1 minute ema62, or 10 second ema62 if it break down.


Now here is the chart, base on the chart, I should only short at 1.3725 level, which is exactly where I got stopped out... LOL



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