Thursday, March 25, 2010

Friday - calm confidence in unpredictable

- open above VA, above the range of the day but with a bearish IB & after making new highs for the year, seller stepped in aggressively and moved the prices lower through WVAH, WPOC, WVAL, on strong S=1160.50
- WVA shifted to the upside & WPOC a bit down from yesterday
- did 1 trade +3.75, not too happy about it, being the fact that we had a 16 points range, but at least positive

- VA shifted higher from yesterday, mostly because the big sell off came late in the afternoon
- i'll be bearish if the market goes below 1157.25

- econ news: 8:30 final GDP
9:55 revised UoM sentiment

-I did my levels & preparation, It's important to focus & focus & trade, it's important to not have any expectations; today's activity showed me once again that the market can do anything, anytime & can be totally unpredictable

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