Wednesday, August 26, 2009

Possible Bleed-Off set up

Another example here if you're not familiar with this set up on the Chicken Oscillator.

Please note this set up is not confirmed until the STCO issues a bullish crossover. Until that happens there is risk of more downside.

Also, just FYI I am not preparing to enter any new long trades based on this signal -- this is just an FYI of what may play out later today or tomorrow.

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