Monday, December 07, 2009

Midday Briefing for December 7th: Slow Range


Note how the 1110 area in the ES contract (above) has served as resistance all day, as well as at the late Friday rally. Prices have remained in a very narrow range; observe how volume has been muted all day. Recognizing the low volume has been key to not getting caught in breakout trades thus far.
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1 comment:

E said...

The Bears trying to defend the 10 area as it has significance. Bulls would like to overcome it and break to the next level.

Little guys like just pawns in the game.

http://www.screencast.com/users/eminiwizard/folders/Jing/media/2f47ee07-3b16-40ae-a2e3-76d743830cb8

rollover too this week so watching h10

http://www.screencast.com/users/eminiwizard/folders/Jing/media/bca5a114-1e4c-497b-a3d3-ee9b9ee50b90

"overtraders be careful"