This morning the market faces a critical test which must past in the early going or a deep retracement, perhaps even total failure, remains a possibility – I am not trying to sound dramatic, but am merely pointing out one of the IF / THEN / ELSE scenarios that can transpire.
Consequently I’ll be moving stops up on yesterday’s DIA long; no point in giving up much profit on that one.
In the early market going, Failure Is Not An Option… the morning low is a key spot to watch. More on this later.
04.12.10 10:29 #