It’s a slow news day and the market is drifting within a fairly tight range. There have been some daytrade opportunities today, riding the small waves, but the volume is low and decline/advance line is about even. At this point, I’m not going to complain about having a quiet, boring day! I hope I didn’t just jinx it for the afternoon!
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5 Comments
March 31st, 2008 at 11:50 am
I’m expecting a lot of buying this afternoon or tomorrow.
March 31st, 2008 at 11:55 am
Ryan -
Why do you believe that??
March 31st, 2008 at 12:12 pm
I trade short term and intraday. My views reflect the method I use derived from the Taylor method. I went long at Fridays low this morning. If that low held, which it did, today could become the BUY day in the 3/5 day cycle. If we get a strong close, at least in the upper 30% of today range look for a strong open tomorrow. Based on how we close today I may go long at the close and sell on the open.
March 31st, 2008 at 6:38 pm
Ryan —
Interesting. So far, so good for you. I hope the trade works out. I hadn’t heard of the Taylor methdod. Thanks for the information.
April 1st, 2008 at 12:30 pm
Ryan -
Absolutely BRILLIANT call. You went long at exactly the right place, and you called it in advance. Kudos to you. When are you going to close out your position.
Do you have any more good calls left?