Monday, September 19, 2011

Sharp gap down, watching for a fade

We have a nice sharp gap down to start the session.

Since we are so close to the lows from the overnight, my initial strategy will be to see if we get a test back down early, and then look for a fade op from there.

If not, I'll move to a different setup, as with a big gap such as this, I don't need to catch the exact opening low to make gains if it does fade.

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