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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Wednesday, October 26, 2005

That push back at the castle door occurs again and we quickly retrace a good 3 SPX points. So now you have the set up for the bust out visit. Two times you knock, on the third visit you bring the axe to break the door down.

The question now is do they retrace this back to the 1192 SPX area or will we move back to the test from a higher point? I don't know the answer yet but the environment is favorable here this morning for another push before the day is out.

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