Monday, March 16, 2009

Update at 10:30 am

Here is a five minute chart showing today's day session in the June e-minis. I am long two units at the green arrows. I went long because I believe the trend is upward. In an uptrend the market generally advances from the open. If so I thought it was unlikely that it drop more than 5 point from the open (purple dotted rectangle). The blue rectangle is my range estimate for today - low at 748 and high near 773.

1 comment:

Anonymous said...

there seems to be no upwards traction in prices here, Carl.

Does that concern you?