Monday, November 17, 2008

XME again...still testing


XME...for you Z...chart testing


double bottom....going to $38 test of 50 day. 200 day would be even better...doubt it though

THE MARKET

We are at the bottom of the trading range as I type this. You have two choices when trading anything other than an intraday time frame:

1. Go LONG with a stop just below last Thursdays lows.
2. Go SHORT and hope for the disaster that seems to be coming.

2 poses more risk than 1