Even I'm on the road, I just couldn't resist trading this pattern. Got back from an interview at 12:45pm ET. Turn on my laptop - the early morning news met initial rush of buyers, then market was sold off. I know I want to be short. Opportunity came at around 1:30pm ET. Did exactly what's expected. Made a double bottom, and I covered at the lows. I have no idea it's the bottom - the daily chart tells me selling is overly done. Daily and hourly both are touching lower end of volatility bands.
The market currently hangs around 38% level after a double bottom. Too uncertain for any types of trades now for the rest of the day.
Showing posts with label spy. Show all posts
Showing posts with label spy. Show all posts
Monday, November 2, 2009
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