AbsolutionCL

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    Tuesday, February 15, 2011

    2-15-11 Tuesday




    Recap: Range day as predicted. Overnight appears to have two distributions with the middle being at 1327.50 which could be a good area to short.

    Plan/Hypothesis: Expecting OAIR or OAOR to the downside. If we open within the range, I will look for oppurtunities on either side of the market, but I am slightly bearish. If we open below, I will look to sell any rallies. 1329 is yesterday's VPOC and we also have a NVPOC at 1323.50's.

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    Quote of the Day: " Nothing is more difficult, and therefor more precious, than to be able to decide."~ Napoleon Bonaparte

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