Tuesday did open higher as expected however buyers jumped all over the future early so we did not get the low risk long entry from 1508 to 1505. The end of day rally did achieve 1520 so we got almost everything expected so far. Now it gets a little risky Wednesday. Wednesday is one of those day when volatility may get a little crazy and if it opens up to 1528 that “could” be the high for this bounce. If it opens down first a dip of 4-5 points should lead to the run toward 1528. That should get the two charts stochastic solid overbought.Tuesday, October 23, 2007
Wednesday, 10-24-07
Tuesday did open higher as expected however buyers jumped all over the future early so we did not get the low risk long entry from 1508 to 1505. The end of day rally did achieve 1520 so we got almost everything expected so far. Now it gets a little risky Wednesday. Wednesday is one of those day when volatility may get a little crazy and if it opens up to 1528 that “could” be the high for this bounce. If it opens down first a dip of 4-5 points should lead to the run toward 1528. That should get the two charts stochastic solid overbought.
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