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Bullish Harami against Tee Line

 
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KarlaF



Joined: 27 Oct 2004
Posts: 25

PostPosted: Fri Jan 11, 2008 3:01 am    Post subject: Bullish Harami against Tee Line Reply with quote

hi all,

as stephen mentioned in the last newsletter, we saw a bullish harami on wednesday 9.1.08 and follow through yesterday. and this in all markets. so investors sentiment has changed.

BUT all markets are still below there tee line. and as we know how important this line is.

so what do you do? waiting for the tee line to be broken or buying before?

some other opinions or ideas would be nice

karla
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z93007



Joined: 01 Feb 2007
Posts: 6

PostPosted: Fri Jan 11, 2008 9:54 am    Post subject: T line Reply with quote

Good question Karla, I was also wondering about the same.

Overall, I think mid-term we are still bearish considering the price is below 200, 50 MA. However, short term there should be a bounce after the Harami. I was thinking that the next stop would be the T-line, if broken 50 MA, and then 200 MA. We have to keep an eye on any reversal candle pattern when the Stoch reach overB section.

Just my 2 cents ...

Can chickenhawk or some other gurus shed more light?
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