Friday, February 03, 2006

Entry signals


First determine where the index stands relative to the 5 and 1 years chart. Then Check out the 6 and 1 month. Then check out the weekly and determine where the support and resistance are. Draw your trend lines on the 1 year, 3 month and 1 week................
This is a good way to get into the correct mindset, but what happened in the past doesn't always predict the future. When day trading, were looking for 3-20 pts and if were lucky 60-120pts. Using tech signals like CCI, fast stochastics, Heinken-Ashi chart, momentum, volume, support and resistance zones, and trend lines.

Here is the yearly analysis:





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