This is my swing and the only trade for the day . I also traded MBI to day ( intra day ) but had a short pos from Friday as seen .I shorted MBI on Friday based on other TA evidence but I strongly suggest new traders wait for the second day to take a short pos.
I also strongly suggest those who are not familiar with cycle analysis stick to the strategy which I have out lined before which beflan has cut/paste it
As seen the position is still open as I might be able to get author 5K from the trade. We all see it tomorrow,,, so watch MBI again 2morrow,, if the sanata clause rally insist I might close early/ The full point interest rate cut comment by Alexandre could not shift the market to above hence i feel market has yet to forget the sub prime mess and might carry on correcting ,,, As far as Technical is concern no evidence of either way for tomorrow as MACCI INDU on 10 min is around +10 which does not tell me much
Grey1