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Wednesday, January 14, 2009
Out
I just covered my short unit at 843.75. I still think that the 850 level will be resistance the first time up.
3 comments:
Anonymous
said...
You've got to hand it to the Mistress of the Market. She runs prices all the up and past 918 resistance and then all the way back down to below 847 support. Now let's see where she'll take 'em by the end of the week. My guess is for 885 area.
Mid point of 847.00-918.00=882.50 Mid point of 832.50-842.75=887.50
Carl Granted this market is a tough one. I dont recall you being held capitive from short noise like this before. Your prognosis tends to be spot on, yet the recent trades are unlike your past approach. Are you using a new high frequency indicator?
3 comments:
You've got to hand it to the Mistress of the Market. She runs prices all the up and past 918 resistance and then all the way back down to below 847 support. Now let's see where she'll take 'em by the end of the week. My guess is for 885 area.
Mid point of 847.00-918.00=882.50
Mid point of 832.50-842.75=887.50
Carl
Granted this market is a tough one. I dont recall you being held capitive from short noise like this before. Your prognosis tends to be spot on, yet the recent trades are unlike your past approach. Are you using a new high frequency indicator?
Your GREAT!
Brent
Looks like S&P Cash 850 is going to be a ceiling for now. I expect to see a test of morning lows before the day is out.
Tomorrow should be a sideways day followed by a strong Friday.
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