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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: lexi2004 who wrote (8877)4/3/2006 11:58:09 AM
From: chowder  Read Replies (1) of 13449
 
Re: DCEL ... Your analysis is fairly accurate. Regarding DCEL though, price broke out on the daily chart but ran into resistance on the weekly chart. There wasn't very much room for the daily chart to work with the weekly so close above.

Even though one may be day trading, one must still look at the longer term charts to see if any overhead resistance may impede the short term price movement.

dabum
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