Friday, July 30, 2010
Today's Trade Minimize
Feb 16

Written by: Trader
2/16/2009 5:25 PM 

Wheat has formed a descending wedge as shown in the daily chart below.  Watch this formation for a breakout and then go with the flow (i.e.: trade in the direction of the breakout).

image

IGT has formed 3 waves down on our oscillator.  So, look for a bounce - buy above Friday's high with a stop at Friday's low.  Don't plan on holding this trade for along time - it's only for a scalp.

image

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