Wednesday, October 21, 2009

Looking for early strength

Based on the pre market weakness, there is a good risk reward daytrade on the buyside, buying before the open and selling midday. The market will not collapse immediately, it is weakening, but I still believe there is one last gasp for this run up before it goes down for the count.
Looking for early strength which will provide a possible good midday entry on the short side.

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