After a nice trade this morning, there was no reason to stay in it, a gap fade was in the books Acording to the model a nice "buy the dip" phase before some euphoria..... This setup doesn't quite look right to me, and that 94 level still feels right. All Eyes on that resistance.
But a move under that green line could Peak my interest.
I had some words at one point about that rule of 3's, and we had our first dip buy yesterday, and a second one this morning...... that next dip will be "Of interest" and could develop by the bell.
Tuesday, December 9, 2008
trade setups
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