Monday, November 9, 2009

One-Way Monday


Last week's run continued today and the market hit some records for one day performance.
The 12,000 tick chart above gave us a crystal ball today riding on the back of the Friday squeeze that popped Sunday night. We had a high peak in the FRO
(5am, 4 1/2 hours before the open) which warned of higher price for today.

It wasn't the greatest day for profits. One-way days usually are not good point profit days. There were no sellers willing to buck the trend. This made for a boring day with no sell signals. There were also a lot of short position holders panic buying and helping each pop go up.


WARNING: The government says you can lose all your money trading. This information is for entertainment purposes only. Consult a government licensed financial advisor before you attempt trading.

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