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.
Monday, December 24, 2007
Monday
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.
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