We awake to find the market hurting with a bit of a smell to it today. All is not lost and a good down opening may provide the flush that allows the short term lift but it could also provide a more serious flush than we expected (yesterday evening) as well. So, we have to keep our eyes on things. If yesterdays lows buckle under on the SPX and DJIA and the NDX confirms, then we are too early on the bounce thought and a more serious drop is likely in store first despite the oversold condition. That's where that stands.
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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