Replies to post #28977 on The TradingEdge

[michael03332002]

I would think that if we are in for a few Green candles we would see some Red opens to take out some weak hands on the long side and rally into close, but I feel if we open with a good size gap UP

then that will be open season for the shorts and they will pile in
quickly IMHO

best thing, I think, is to open inside todays candle RED but just above 1900, breech it to 1892-5, then rally like a red headed monkey with his butt on fire rest of the day....

close higher than the top of yesterdays candle maybe 1957-63ish


NOW, we have a 3 day weekend coming up with monday being closed
so I would think caution would be in order if we close HOD

would be nervous that overseas markets on Monday could pull the
rug out of this rally with not much resistence....


just my take