
The trading diary of Paul J. Singh. I trade full-time and empower traders by making the complex simple. I can be contacted at SinghJD1@aol.com
Wednesday, October 21, 2009
FCX and PCU: Great Long and Short Setups
PCU and FCX are on fire. Technically, they look great on a pullback to support for long entry. However, they are very extended. Take a look at the distance from the 50 day moving average. I think we are due for a snap back. I will likely short on more strength.

Labels:
50 day ma,
overbought,
rubber band setup,
short setup
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment