Monday, November 27, 2006

a great learning chart - OPSW

check OPSW chart
8/17 a sq/vol/break that fails to hold the ema13/sma20 zone
Then it sells off big the 24th and 25th on larger than normal vol
on 25th it hits the fastk14<10 filter for the first time, it takes off from 6.45 to 8.27 where on 9/12 it becomes a sq/vol/br again !
on the 25th and 26th the candle rests in the MZ for 2 days,then it pops from 8 to 9.52
then it fails to hold the MZ once again ,hugs the lbb until 11/9,hits almost below 10 with fastk14 10.26 and runs again till 11/17 ubb touch and now its resting in the MZ again
Back and forth for nice profits,to me its why sq/vol/breaks are always worth keeping in a journal so they can be tracked

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