Trading for the Masses

Two Explosions this am

March 6, 2008 · No Comments

We have a bomb go off at a military recruiting center in Times Square early this am and of course the Mortgage behometh continues to go lower as TMA can’t meet a margin call this am from JPM to the tune of 28 million. Futures traded off 22 pts already from the highs bouncing of S1 here@ 1323 already 1329 here on the open. I would be a seller right now up to 35 on the spoos with small 5 pt noose. Bidding on the open down to 1311, there’s your gameplan.

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Categories: Charts · Forex · Futures · Psychology · Stocks · Technical Analysis · Trading

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