Monday, September 12, 2011

Opening indications

As you know, I'm not very trustful of morning trade as it is largely retail traders who set limit orders and went off to work that are being fleeced in the morning hours, but the 1 min 3C chart opening has often been predicative of later action.

3C's 1 min underlying harts have all opened positive except for the DIA, which was one of the worst looking charts last night.

 DIA

 IWM

 QQQ

SPY

I'm not taking action yet, just waiting for the a.m. trade to settle.

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