Tactical musings, technical timing indicators and risk management strategies
Monday, December 24, 2007
The Qs Sweet Spot trade was triggered by today's opening gap, but I failed to take it when the 6:38 -6 :45 pull back failed to materialize. Volume, as suspected was a pathetic 37M (the lowest since July 3) in the Qs and the action was essentially flat after the first 20 minutes. The usual gaming in the last 45 minutes, with a quick retracement into the close. Not much to be made of today's action, which may also be the case for Wednesday. Still watching 52.60 resistance.