Rabu, 16 Februari 2011

comments and 02-17 outlook

The Game seems to be "guess the open".  Seems the past few weeks if you could guess the open you called the market for the day.  I suppose it is cheaper to control the market with off hour futures (if there is any funny stuff going on).    Happened today...  Again....  Other than the first hour my call was not bad for today.

Tomorrow it appears we have a majority of the short cycles up for at least the first half of the day.  If the premarket futures cooperate the bias should be up for the first part of the day.  By midday a couple of cycles turn down.  So it should start to the upside and falter midday and go sideways (maybe some down bias).

Here is the chart:

GL traders.  Do your own analysis and keep stops in place.

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