Cowabunga System Daily Update: 08/15/07

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Main Trend

Current Trend= The trend remained down the entire day

Today’s Surf

4:30 am ET– This was a valid signal but unfortunately it happened during a news candle (MPC minutes). This means that the signal is no good and I didn’t enter.

Entry: None
Stop: None
Initial Target: None

7:00 am ET– There was a moving average for a short trade. RSI was less than 50 and MACD was positive and losing value but stochastics were flat. This cancelled the signal and I didn’t enter.

Entry: None
Stop: None
Initial Target: None

Trade Result: +0 pips

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