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
Showing posts with label countertrend. Show all posts
Showing posts with label countertrend. Show all posts
Wednesday, March 26, 2008
Countertrend Gold Trade
Gold is getting interesting as a short term play (bearish) that is counter to the longterm trend (bullish). If light volume continues on the up move, I will enter one of the weaker stocks.
Labels:
Bearish Flag,
countertrend,
distribution day,
topping pattern
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