Tuesday, April 08, 2008

Tuesday reality check

On the lowest volume day of the year the Qs showed a volatility contraction with a distinct negative bias.
NYAD and TICK stuck close to their baselines and that little half -hearted rally attempt announced by the TICK in the last 40 minutes quickly fizzled.
I made no trades today as the only possible setup for me was the S2 pivot kiss at 14:25, but I found nothing tempting about it.
Finally, if things weren't bad enough before, now we've got zombies to worry about:

No comments: