Monthly Archives: December 2006

Occasionally there is a situation where trade setups could be taken in either direction, and your decision can make the difference between a winning or losing day. Let me walk you through my thinking process for this morning’s action. We … Continue reading →

Another small range day, but still the signals are there for potential trades. And as important, to keep you out of bad entries. We started with an attempted rally. I look at 127% retracements as potential danger levels. When we … Continue reading →

If you ignore the trading around this morning’s gap, today was not only an Inside Day, but actually restricted its range to the area of yesterday’s 10 minute whipsaw surrounding the Fed Announcement. Just before the announcement the market had … Continue reading →

On Federal Reserve days we sometimes wait until 2:15 Eastern time before there is any movement, but today there wasn’t really much doubt about the outcome. Using yesterday’s closing pattern as a measure, the market decided to show off how … Continue reading →

The first few minutes of today’s trading was an early warning that it might be a day of congestion. In fact, it turned into an NR7 day — the narrowest range in more than the last seven trading sessions. The … Continue reading →