Hey all Spy-der Monkeys ...
In My career as a Trader, this is the most difficult and scariest trading tape I have ever seen.
With an Spx 1086 to 1112 range and professional Island Reversal gaps every other 2 sessions , It is almost impossible to effectively Day trade. The past month feels like we are on a March of Doom....
Something is going to break and break hard..Can't say what direction ..so be ready
I am thinking next week early will show us some direction.
Until then I am going to do some Options Break Point and Swing trading Holds overnight for 1 to 3 days of a few selected individual picks ... such as AAPL,GS,POT,IBM,Rimm, and a few others...I will post some charts over the weekend
Friday, December 11, 2009
SPY-der Monkeys at War
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3 comments:
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