Tactical musings, technical timing indicators and risk management strategies
Friday, July 06, 2007
Friday first hour
Carl Futia now sees the Qs at 50. He doesn't say when and it sure looks like a long ways off, but hey, I was hard pressed to believe 48.70. Bought some August calls on the 5 minute hairy bottom at 7:00 (PST) and am looking to flip them at R1 48.85 today. The NYAD and TICK slope are all heading up and the TRIT is at .72 in a downslope. Volume is tepid, wich means we will probably get a big range day.