Wednesday, September 7, 2011

STI - The Trading Range



STI is currently in a trading range. I am not trading in this range not because I don't know, but I prefer to let the wave play out itself to tell me which wave is stronger. I am banking my funds for a larger move rather than mini trends. I am using my K Wave to time my entry and the K Turn will keep me alerted when it happens. For a quick punt tomorrow, I am looking to make an intraday short should I spot a turn, else I would just wait patiently for a larger move to materialize itself the moment I see a shift from weakness to real strength. I will be looking to short yzj or cosco tomorrow should they start displaying the inability to rally.

Ronald K