Today looks to be setting up the SRS that I have on the radar. A high risk trade would be enter on a trade of 23 with a 2 pt stop on anticipation of the market breaking. . less risk would be for the trend line to break. Everyone notice all on TV saying that all the banks are going to go up on the release of the stress test? HMMM. AAPL down 2 and leading market. 180 degree pullback on AAPL is 111. Watching GS for an ORB break to the downside to get momo on board. A signal that I'm not very good with is the TD Demark signals. SPX generated a sell signal with target at 493 completion.
Wednesday, May 6, 2009
SRS
Today looks to be setting up the SRS that I have on the radar. A high risk trade would be enter on a trade of 23 with a 2 pt stop on anticipation of the market breaking. . less risk would be for the trend line to break. Everyone notice all on TV saying that all the banks are going to go up on the release of the stress test? HMMM. AAPL down 2 and leading market. 180 degree pullback on AAPL is 111. Watching GS for an ORB break to the downside to get momo on board. A signal that I'm not very good with is the TD Demark signals. SPX generated a sell signal with target at 493 completion.
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