I will be looking to short after open.
#1
Posted 27 August 2007 - 08:04 AM
#2
Posted 27 August 2007 - 08:19 AM
#3
Posted 27 August 2007 - 08:27 AM
I got a few sell signals too and might be a bear trap IMHO. The way they held down ES just about 4 points overnight and early morning is suspicious to me-looks orchestrated. The existing home sales data at 10 am should be interesting. If it is better than expected (combined with Friday's better than expected new home sales), an upward spike could result translating into a trend-up day.
Much to my trading accounts dismay, I have learned anything is possible. So the position will be small with stops but a few points from entry.
Thanks for the reply,
RS
#4
Posted 27 August 2007 - 08:31 AM
The decision to buy a home was made months ago....Why are the street look at old data?I got a few sell signals too and might be a bear trap IMHO. The way they held down ES just about 4 points overnight and early morning is suspicious to me-looks orchestrated. The existing home sales data at 10 am should be interesting. If it is better than expected (combined with Friday's better than expected new home sales), an upward spike could result translating into a trend-up day.