So what do you think, Grand cycle, Christmas rally finished .... again!?
Damn it! I think I pushed my luck one too many times. On its way back up again, I think.
Fortunately, it worked in my favor. Raced through my limit before I had a chance to change it.
... Some rumour about a Germany credit rating downgrade??
5 minute bars, On the DOW. Looks like it is in the process of being broken on the short side. Working with a CFD on FXCM. It matches the price and movement of the DOW.
... and there it goes, breaking through lower bollinger band.
Not touching that until after 9:45 EST.
What is your immediate reasoning for this? There is nothing about the 1 minute, 5 minute, 1 hour charts that show an imminent siginificant, decline.