6/29/11 Real-time Trade Setups / Analysis- Continued

I wanted to add an updated version of the chart previously posted. This details:

- Change of market condition change

- Support of price by buyers

- 123 Long signal which tells us 2 thing: 1) Selling pressure has fizzled out, if you are short, consider exiting / taking profit. 2) Buyers have stepped in to support price, consider taking a long position. There are two types of setups we take when conditions change. Our aggressive entry is the 123 entry, entering on the break. Our more conservative entry is allowing the 123 long signal to occur, wait for a pullback in price, and see if the second wave of buyers will support price.

- Wave 1 and wave 2 long opportunities.