The Daily Dose of Trading Comments

Here you'll find short quips concerning the market mood and direction posted intra-day as the market dictates and time allows. You can find TATs strategy here. Comments here are from a trader who trades for a living.

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Friday, June 24, 2005

I'm looking for some carry through pressure sometime within the first hour and a half this morning but I expect it will find some footing and we could trade back towards the resistance points I pointed out earlier. At this stage, I do not believe it wise to add swing positions as the time frames are too compressed. Next week is usually positive and that could help to stablize the short term selling. Add to it, there are a lot of folks who never got the chance to buy weakness. They will likely want in at some point. All of this makes me think that if we break, it's not today and likely not early next week, but a bit later than that.

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