Thursday, August 30, 2012

Acceptable gap down to start the session

Decent size gap down to start the sesison

I'll be watching for a buying op off the opening push here to/below the overnight lows.

If we don;t get a bounce I'll likely head to the sidelines but be watching for a boucne later on.

My opinion is that they get some kind of bounce ahead of Bernanke speech tomorrow.  Of course, if that is the genral consensus then of course we have to be aware of the overweight to one side

As I finish this we are retesting 1400, let's see if it can hold on the short term.


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