Wednesday, July 16, 2008

QID Buy signal

A system I've been using for th last month uses the Market Forcast and the 8/21/30 SMA.
Entry is when the Momentum line is below 10 at close. Today it closed at 5.
So I put in an order to buy Aug 45 Call.
Although today's candle along with the last 2 day's candle form an evening star reversal pattern, I believe that is a longer term signal than the Momentum line and continue to follow this system for a short-term trade.

QID080716
For some reason, the graph is showing today's candle again for tomorrow. Ignore the last candle.

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