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Strategies & Market Trends : Market Guru of the Month Contest -- Ignore unavailable to you. Want to Upgrade?

To: Honey_Bee who wrote (7272)	10/2/2011 8:57:52 PM
From: Wayners	1 Recommendation Respond to of 17549

You know you actually make a great point and you know what I'm about to say but maybe others don't. After a down bar, any big up or down bar in any time frame, 5 min 10 min, 30 min, daily, weekly...there is a really strong tendency for the next bar to start in the opposite direction and retrace. Friday was the end of the week, end of the month, end of the quarter...and they were all B-A-D. I think we will see some profit taking from the short side on Monday unless there is some bad news that comes out of Europe.