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You have to survive

You have to survive
Every day is a battle, survival is rule #1

Monday, April 4, 2011

EWA, DIG long entres

Entered EWA with market order after it closed into its area on Friday. This Australian ETF has a large reward with no weekly resistance in the way for a while, stuck overbought stochastics, strong volume for the first day it closed in the area and EMA's are spreading apart. This is the daily chart, so this move could last a while if it works. DIG is an oil and gas ETF. I found it already sitting inside a nice low resistance area, so i entered it. Volume was decent as it first went into the area.

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