Thursday, February 12, 2009

819 pivot works but never over stay your welcome!


The suggested taking your trades off of 819 or 841.75 worked out well today. The market sold off twice for very nice gains from the 819 support pivot being broken. The bears pressed and pressed for most of the day. But as most traders know, it's best not to press too much as things can turn very quickly, as the shorts felt in the last 45 minutes of the day. Just look at that reversal...That is absolutely amazing! Over all great day and we'll update you tonight with Fridays game plan.

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