Here is a short report of my weekend homework. This was really down week on most markets. All my impulses are giving me reds right now. In active markets like this past week, I have a tendency to stay on the sidelines a bit and watch how it plays out. I know for a lot of day traders and scalpers, these are great markets to play in. But I know my trading style and the time I have committed in the game and it does not fair well in hyperactive market conditions. I leave these markets for the big boys. Here the weekly impulse table.
note: .DJI, .IXIC and .SPX are the Reuters symbols for Dow Jones Industrial Average, NASDAQ Composite and the Standard and Poors 500 Index respectively.
