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S&P 500
6,816.89
(
-0.11%
)
US TECH 100
24,499.60
(
0.38%
)
Dow Jones
47,916.57
(
-0.56%
)
Brent Oil
92.41
(
0.00%
)
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(
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TraderRich

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TraderRich

Re: None

Tuesday, 10/07/2008 11:03:38 AM

Tuesday, October 07, 2008 11:03:38 AM

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Most stocks have been coiling all morning. Right now it's looking like it's building up energy for a move higher, so watch for the gap fill on TWM. You should get some better prices on all your ETF shorts, of course just because the indicators say the market is going higher doesn't make it so.

I think the market will move higher because it found support so far all day at the 20EMA on the 15 min chart. Big resistance on the up move will be at the 20EMA on the 60 min chart. If it gets above that we should have a pretty good move, imo.

Unless otherwise stated, any and all information I post is my opinion which is subject to change. I accept no responsibility for anyone who chooses to take any action based upon anything I post.

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