Cowabunga System Daily Update: 02/28/07

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Main Trend

Current Trend= Trend stayed up until the new trend change candle formed a downtrend, which started forming at 11pm ET. After 3am ET, the trend remained down.

Today I only looked for long trades until 3am ET. After that I only looked for short trades.

Today’s Surf

8:15 pm ET– There was a moving average crossover for a long trade. However, stochastics were trending down which cancelled the signal. No entry.

10:00 am ET- There was a signal for a short trade but it occurred during release of the New Home Sales report. No entry.

Trade Result: +0 pips

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