Monday, July 24, 2006

Plan the trade, trade the plan 072406

All upside targets hit. We tested 1269.00 high and pulled back for profit taking. Possible 5 waves up into this test of 1269.00 so we could have a deeper retrace. Watching 8min chart for direction. Good way to end the day. The higher timeframes gave the clues as to direction -- all timeframes were in agreement, making for a nice trend day up.

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