Tuesday, November 20, 2007


Look for the S&P Cash to open 4 - 5 points higher.

We will be looking to fade this open as I do anticipate a non-trending day at least
until the FOMC minutes are released at 2:00 PM.

The Pivot comes in at 1440.13, so I will be looking to fade the open from 1438.5 to 1440.

I will update the blog once I have executed the fade, but if things do not seem right for the fade
then I will abandon the trade and wait for the first hour trading range to be put into place.

Today should prove to be a great scalping day for 4-6 points on either side all the way until 2 PM.

Lets Go Get'em

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