Monday, August 6, 2007

Money's Worth

Show up and these market ranges provide opportunities that traders appreciate. No real selling showed up today and the short covering rally started in the second hour of the day session. The bulls again thwarted an attack while on the run and turned the market around a day before the Fed meeting. The trade will start again in earnest after the tomorrows Fed announcement.
Key technical areas will be 1462 in sept SP500 and 1453 in sept NQ100.
Models are rotational.