Cowabunga System Daily Update: Tuesday, 10/07/08


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Main Trend



Current Trend= The trend remained down the entire day.


Today I only looked for short trades


News events to watch for today :




  • 4:30am EST- UK Manufacturing Production

  • 1:15pm EST- Bernanke Speaks

  • 2:00pm EST- FOMC Meeting Minutes


Today's Surf


2:45am EST- There was a moving average crossover for a short trade but RSI was greater than 50 and MACD was already negative. No entry.


entry2


Trade Result: +0 pips R-Multiple: N/A


News events to watch for tomorrow :


  • 10:00am EST- US Pending Home Sales


For a complete list of news events check out our News Section


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