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The Market Trader Tao
NeboXian's Day trading journal
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Thursday, May 21, 2009

Pivot point 91.06 ...we are bearish at open below pivot ...looks like we open gap down and the momentum could carry spy down to support at 89.40 b4 bounce ....jobs are as expected and the dollar is in pause from the steady decline... pilly fed at 10 am et... so it could be that bad news is really ok today ...be carefull... trade in small amounts and use tight stops ..... if we get down to 89.40.....expect a large in flow of bulls to push the market back to 92.26

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