Nice Gap and Crap day

Posted: November 14, 2007 in Charts, Fib Projections, Futures, Stocks, Technical Analysis, Trading

They took them up hard into Bernake Speak premarket and PPI and Retail helped, then triple threat of Beranake on the back of a 50 pt ES move had bulls dreaming of sugar plums again. Too bad they didn’t read their tea leaves that the charts gave them, or they may have pushed off their long positions before the close forced them out at considerably lower prices. That’s the game with in the game and that’s why volatilty and trading is great during moments like this. Going home netural and unbiased the best way for a good nites sleep.

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