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A couple of observations… TWD – If, Then… Market Timing

A couple of observations… TWD

By Rod David | May 14, 2014 - 2:05 pm

A couple of observations…
TWD — “Falling Knife” candidate on today”s Open”s Interest. Gapped down to probe fresh lows at 2.54 (c), then reversed into positive territory now testing 3.07. That”s probing the prior 2-3 days” highs. The session containing a trend low is often retraced considerably, so this will be a Pullback candidate tomorrow.
MDBX — May be covered today if the close is not either under or overlapping 17.75.
REMINDER: Webinar tomorrow afternoon at 5:30pm ET.

Posted in Bigger Picture