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Mentor Mike’s Daily Turning Points for Monday 1/30/12.

Mentor Mike’s Daily Turning Points for Monday 1/30/12.
 

Every freely-traded market makes a series of turning points during the day session of the regional stock market.  You don’t need to master complex cycle theories or pay to join some elite trading group in order to utilize daily turning points. I can teach you how to spot them with conventional technical analysis

 

 

Scoreboard

ES: 5 wins / 0 losses

Video Blog Coming

I’m still working on my new video blog and I will be debuting it just as soon as I can.

Chart Chat

Thanks to everyone who attended last Saturday’s webinar.  Today’s pattern was a three-point HI-LO-HI, but elongated with the first HI way in the premarket.  Note:  I took the last long trade on Wave 5 just before the close, but forgot to add the green arrow.  Hence, 5 wins on the scoreboard but only four arrows on the chart.  Have a great evening.  Be back tomorrow.

Please click on the chart below to make it larger.
Chart #1
Today’s 3-minute ES chart

 

 

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