Thursday, August 11, 2011

Gameplan for Friday's Market - "Call Me Unconvinced" - 8/11/11

Quick video tonight traders going over this current market.   We obviously had another big up day today but it came on lower volume and for various reasons discussed in the video, I am looking at any further bounces as potential shorting opportunities rather than buying opportunities.   I go over some setups in the video that I will be looking at next week, as I probably won't do much position-wise going into the weekend.

1 comment:

Anonymous said...

hi mac

back to may~sep last year, every big bounce day was with low volume.

up to yesterday, i found top divs on dow hourly and min charts. i think a 120points retracement. if it open with another 100points up, i still think of another 200point retracement.