What do you make of this chart?

Time to dust off your technical analysis skills and take a look at the following chart, and tell me what you think…

I hope everyone found something of value from the last quiz, because we’re going to try another one.

Take a look at the chart below, and then add your comments below to let me know your thoughts.

The light blue line is the fast EMA (exponential moving average), while the green is a slow EMA.

The sorts of things you might consider in your response..

* Is this a stock/market that you would consider trading?

* Describe any trades you would have placed (if any) along with any likely exits (just describe as long or short entries, when they occurred and why).

* Are you waiting for anything to happen on the chart before taking an entry?

These are just a few suggestions on how you might answer this question, but I’m hoping you’ll take the time to comment with whatever thoughts you’d like to provide.

Happy Trading

Brian Dibbins
Elite Insiders Group - Trading Systems
Trade Profitably © 2006 - 2007

This entry was posted on Tuesday, August 28th, 2007 at 5:20 pm and is filed under BJ Dibbins, Technical Analysis, Trade Profitably. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.