TM: 5-16-07: Trade Setup

Cramer on “MAD MONEY” has been talking about Toyota Motors for the last 2 weeks!! Ok, so lets look at it.
Seasonal show that the bearish trend will end around 5/26.
Now for the analysis part. We are going to look at a lower timeframe i.e. 4 hour because a bearish trend has been occuring for awhile. If it is going to end, it will start at a lower timeframe. In the 4 hour chart, all indicators indicate bullish. Therefore, we are going to determine our entry value and start to trade this up to the various resistance values. Caution has to be taken because this may be a pull back instead of a trend change. This is why we are trading in the 4 hour time zone so our risk is minimized compared to trading in the daily timeframe.
For EDUCATIONAL USE.    Commodity Futures Trading Commission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose .