Tuesday, September 27, 2011

First half hour ready to close

With the exception of a little pull in, the market has been on fire the first half hour.

Breadth is exceptional, and although it is only the first half hour, I will give it some weight when it is its skewed.

I still tihnk we get a fade of something, although we came just shy of the 4 point I like to look for, so is it already work done?

I don;t know if we tank, but I still see us pulling in a bit more here off a fade, but waiting for a soolid entry.

We have some exhaustion buying up here, so with a divergence a fade could set up here.

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