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The Market Trader Tao
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Thursday, May 21, 2009

premarket TAO

SPY..... Today the Market TAO will be a RED TAO down .... .....Expect a gap down on the open ....after the initial sell off momentum expect a reversal 30 min"S into open...... price should then attempt a rally up to yesterday close 90.50 to fill the Gap.....key .....if price fails to rise above the open, then expect a sell off to begin...if price continues up .....SELL at or up to 91.20 ish with an exit target in the mid to upper 89's.....next post will be 30 mins into open

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