Monday, March 9, 2009

pivot low under construction

So far so good, but market really needs to get going here. The 673 entry was good from Friday and those that never took the trade had an opportunity this morning in to take some below that level. I would look at this afternoon to be the test if we can break the Fridays highs 699 and create a pivot low. The problem today and last week has been the low Put /Call which has been today a .76 area. A move above 1 or better is what we like to see to get follow through going better to the upside.
Anyway were long from the 673 and holding for more. Also swing on SKF at 242 is finally getting a nice move as well as Ge and our financial FAS.

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