- Aug 2, 2006
- Reaction score
RD-Sam....here is a daily chart where one candle equals one day. Notice the wick of today's candle. Notice the candle wicks of the last two most recent major lows along the white line where price bounced upward. I have two circles on the chart...one green and one red. Strong buy in the red circle (around 6550 or so) and strong buy in the green circle (around 7,525) AFTER the downward sloping red dotted line in penetrated upward. Both would be good buys. If you want to be more aggressive than that, I can drill down to a smaller time frame chart and show you want I would do.