Welcome ... Day Trade The SPY Live with Market Trader Tao

The Market Trader Tao
NeboXian's Day trading journal
is updated live during NYSE market open with observations , technical analysis and trades as they happen.
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Thursday, May 21, 2009

Mixed currents are hard to read some times......some times it's hard to get it right ...but see had you gone long there would be pain about now....we got a big spike to the down side....this is good...now we watch for a corrective bounce to jump on the down train...I'm thinking 88.75 test with a stop at 89.06with the a target of88.20 ......i don't like to chase these runs ....wait till they come back to a managable entery point ....if it dosen't come back then we just missed this trade....but the market will be there tommarrow

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