Wednesday, March 28, 2012

Tomorrow's rebound

I missed the TecDax trade, but got out from all the open positions.

Tomorrow looks very promising for intra day long index or high beta stock trade. Beta Indicator felt below 50, which is bearish. Although, usually we have seen a rebound at this level, so the probability that tomorrow's close > today's close is 70%. The probability that tomorrow's close > tomorrow's open is even higher, 80%.

I will add some other indicators later.