The January range displayed its predictive effectiveness this year as the April high and today's close were precise multiples of the January range above the January high. Long entries were possible on a breakout above the August high which was above the January high, and the November pullback which remained above the April high. Shorting opportunities were available in June and August against the January high.
I will be reviewing the trading strategies in the strategy tracker for 2010 and giving my outlook for 2011 next week.
Thursday, December 30, 2010
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