6/24/10 Call for giant Fake Out on Monday turns out to be true!
Posted on 24. Jun, 2010 by Mohan in Boomerang Scalp Trader
Good morning.
Mohan’s Daily Directional Forecast precision call on Monday for a “giant fake out” on the late Sunday Globex rally turned out to be spot on.
Prices pulled back strong later in the session and got further hammered lower into Tuesday. Our Boomerang Scalp Trades were giving the usual crystal clear signals in line with the bearish tape bias readings.
Please be sure to read your Boomerang manual carefully and learn to read the market tape bias. It is simple if you use the method described with practice.
Here are some charts from Monday and Tuesday. Wednesday was FOMC “interest rate announcement ” day and gave us the usual choppy rather directionless market.
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