THE ONLY DIFFERENCE IS THAT THE MORNING PATTERN CAME FROM A MARKET MOVING UP TO MEET THE PIVOT. THIS PATTERN HAS PRICE MOVING DOWN TO MEET THE PIVOT.
KEEP AN EYE FOR A BREAK EITHER WAY, BUT FAVOR THE SHORT SIDE.
Thursday, January 31, 2008
TRADE SET-UP
WE ARE CURRENTLY GETTING MUCH THE SAME ACTION AROUNS A PIVOT THAT WE SAW THIS MORNING FROM 10:15 - 10:50AM EST.
THE ONLY DIFFERENCE IS THAT THE MORNING PATTERN CAME FROM A MARKET MOVING UP TO MEET THE PIVOT. THIS PATTERN HAS PRICE MOVING DOWN TO MEET THE PIVOT.
KEEP AN EYE FOR A BREAK EITHER WAY, BUT FAVOR THE SHORT SIDE.
THE ONLY DIFFERENCE IS THAT THE MORNING PATTERN CAME FROM A MARKET MOVING UP TO MEET THE PIVOT. THIS PATTERN HAS PRICE MOVING DOWN TO MEET THE PIVOT.
KEEP AN EYE FOR A BREAK EITHER WAY, BUT FAVOR THE SHORT SIDE.
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