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Mentor Mike’s Daily Turning Points for Tuesday 10/18/11.

18 Oct Posted by in Mentor Mike's Market Movie | Comments Off on Mentor Mike’s Daily Turning Points for Tuesday 10/18/11.
Mentor Mike’s Daily Turning Points for Tuesday 10/18/11.
 

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:  6 wins / 1 losses

 

Chart Chat

Today’s pattern was a HI-LO-HI with the first two points strongly skewed toward the market open.    My loser was an aggressive short trade I took during a live session with a student just to see if I had correctly picked the top.  Obviously I didn’t.  I also missed the next good long trade as a result, but managed to catch the last big rally to finish in the money.  Have a great evening.  Be back tomorrow.

Please click on the chart below to make them larger.
Chart #1
Chart #1