Wednesday 6th January 2010

We didn't get a good entry opportunity today. The market started out heading south but we were weary of taking a Short position because of positive divergence on the 15minute chart. Traders who dared to take the divergence trade (which occurred round about the beginning of the London session) however would have made a very tidy profit. The market did in fact reverse and it drifted upwards for the most part of the day.