Intraday trading range is 7 points, but we've traded most of the day between 1118 and 1121.5. A horrible market to daytrade. If you play overnight, you can catch a bigger part of the range, but have to forgo your freedom/sleep to do it. What a market! Ahead of the NFP, I think we have now formed the top, at 1122.75, but the bottom of the range is still a question mark.
I want to add to my short soon, because I see a 1% swoon either tomorrow or Thursday intraday. I want to catch that move. The question is will the market give me a decent price to get short at before we swoon. I can only hope.
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2 comments:
So far so good. I feel that we have put in a short term top today.
I hope we sell off 2% tomorrow.
Turning point on Tuesday was probably because that area was where 2009 ended and 2010 started. -Petsamo
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