Monday’s trading action 6/14/10
Posted on 14. Jun, 2010 by Mohan in Boomerang Scalp Trader
Johnny here with the recap of Monday’s action. Lots of action on Monday as we first of all had Mohan’s (Daily Directional Forecast) call for weakness/sell off on prices reaching up to the 1100 handle.
Sure enough prices stretched up there reaching towards 1102 before getting hit with weakness. At the time the tape was Mega Bullish too, but the underlying bias had shifted dramatically as Mohan had pointed out.
Mohan is the developer of Boomerang Scalp Trader and that is why we often quote his Daily Directional Forecast. It is most beneficial to Boomerang Scalp Traders.
Once the market had softened up a bit it was time to lean on the short side. Ive posted some charts for the day and where Boomerang would have given signals to trade. Check em out.
I’ll be updating the blog very regularly starting this week with Boomerang Trade tips, methods of reading the tape and other features.
Have a steady day. Johnny
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