Monday, March 2, 2009
Who says you cant buy this market?
Right ON! Game plan worked great as I suggested. The market opened past the 726 pivot, so that was your key to look for the next lower which was the 715 area. The market hit this area a few minutes before the open and bounced a nice 5-6 points for us to scalp some profits. The next area was the 700 area and we got nice launch higher in the final minutes of trading for 5 points. So Hey.. 10 possible points on long side in a gap and go to the downside all day long. Good Stuff!
Personally I'm holding a few contracts from 700 as it was really slow and dull to the downside today and we could very well get a pop tomorrow morning. Back tonight with some thoughts. Cheers!
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