Take them higher they indeed did do as a solid short covering rally developed. Now it gets more interesting as the short covering rallies of late have faded badly as the day wears on. I'm going to be studying the charts and seeing what it would take for this rally to actually developed into something more than a morning push. For now I'm holding my bias long for the day but I am hedging at the extremes using the SPX for the short to try and capture a little extra.
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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