Wednesday, February 18, 2009

Yesterdays Lows Hold for Trade


The suggested waiting for confirmation of yesterdays sell off seemed to be the right way to trade today. Often the institutions will breach the lows from yesterday, take the stops out and reverse the market. Well they ran the market down to important 778-782 area and reversed the market higher into the 1st hour. The Emini then traded in a choppy random range before again selling to the lows by the close. Back with Thursdays thoughts late tonight. Thanks for dropping by!

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