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

most times the close can work very well..... here we have two risks
1 . the shorts covering at the end of the day can push up price ...
2. big mutual funds Who are long only entity's precieve this as a trough and start moving in...
keep your stop in .

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