Sunday, February 24, 2008 12:39:14 PM
NM - your forecast for Monday is "dead on" for the bull trade setup.
The bear trade setup has a lower open than yours, a high between 44.05 and 44.15, and then a "fade the open" down to the daily lower bollinger band, which also retests the bottom of the triangle.
Either way, that 44.05 to 44.15 range is going to be pivotal for the direction of the day, and I plan on trading it accordingly.
thanks for helping to clarify my thinking; that's the best result I can hope for from this board!
The bear trade setup has a lower open than yours, a high between 44.05 and 44.15, and then a "fade the open" down to the daily lower bollinger band, which also retests the bottom of the triangle.
Either way, that 44.05 to 44.15 range is going to be pivotal for the direction of the day, and I plan on trading it accordingly.
thanks for helping to clarify my thinking; that's the best result I can hope for from this board!
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