One of the markets I'll be keeping an eye on tomorrow (aside from the obvious Fannie May/Freddie Mac fiasco) is Potash. It came up in a scan I was doing today, preparing for the 3-Day event. The 60 minute chart of (POT) is showing a Stochastic Continuation Sell setup. That's all well and good, but the kicker is that the Daily chart is in a DOWN trend. I like to look for stocks that have multiple time frames giving the same directional indication. That does not mean that they show the same strategy setting up, or have the same Elliott count, but that the overall directional movement is showing the same. Watch for (POT) to retrace slightly more into the ellipse, and then watch for a trigger. More on this one tomorrow!
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