Tuesday, January 12, 2010
Buy Opportunity
We finally got the selloff that traders were waiting for. I think its a buy opportunity this afternoon. This market doesn't give many buying opportunities. So when they arrive, it must be bought. There is strong support around 1127-1128 on the ES and that should stem the damage. I am a buyer this afternoon, adding to long positions.
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6 comments:
You would have been making a killing if you were doing this same trading technique for the last month, especially at the beginning of earnings.
However this trade is played out dawg in my opinion. Market stops doing what it's been doing when everyone warms up to the trick now.
At least that's what I think. But of course I could be wrong.
Hope it works out though.
last 6 months.
Was about to post the exact thing owl. Seems like this was the day everyone wanted a gap fill
Are you staying long overnight ?
Yes.
I think we're going to hit low 1120's on the ES tomorrow.
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