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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Tuesday, June 28, 2005

So far, no fade. An hour into trading and they are simply not giving anything back. Has to happen soon or I'm on the wrong side of the trade this morning.

On a slightly longer term basis, I do believe we are seeing the first thrust back up in what should be seen as a bearish wedge. This can carry for a few days and the timing makes it such that this week could provide that wedge to develop.

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