Friday, July 27, 2007

Finishing my thought





Remember that ISRG chart I mentioned earlier. I have posted it again today with a comparison to my Ultrashort Real Estate (SRS) just above. Please note the action in both charts when the bearish engulfing bar was finally broken thru. Instant action to say the least ! The longer term time frame the more significance the bar takes on(ie weekly bar more significant than daily).

No comments: