I thought the buyers were taking control this morning after that wide range, high volume up bar. But instead the sellers proved stronger and are now back in control of this market. I am sticking with my range estimates of 30-35 points for today. I think we have seen the day's high so the day's low should be near 665.
Friday, March 06, 2009
Today's Range
I thought the buyers were taking control this morning after that wide range, high volume up bar. But instead the sellers proved stronger and are now back in control of this market. I am sticking with my range estimates of 30-35 points for today. I think we have seen the day's high so the day's low should be near 665.
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3 comments:
Nice trading Carl. You have proven to take what the market offers despite a bias towards the upside. I'm impressed.
I dont think it will go down to 665, nasdaq is down 2% while S&P is holding, they are selling tech stocks for the s&p, so i assume they are switching and going long on the market. In the past, it always marked a big reverse.
//AR - Italy
Carl,
Your calls have been great lately. Time for a miss. I think we have a lower low today followed by slightly green at the close. Lots of TI pointing this way. Should be a wild ride today. I think your call on range could be spot on.
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