While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
DAX/BUND? has it it's downside objective of a 2 yr 50% retrace, along with the EFA
hitting the 200 WMA @ 58.68.
These are first cover and potential bounce levels, matching the double bottom in the Spu's Point & Figure @ 1812 level.
The point & figure turns up over 1866 resistance.
?Trade the price action and the levels.??
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.