AbsolutionCL

    follow me on Twitter

    Friday, February 4, 2011

    2-4-2011 Friday





    Recap: Had an outside day, we opened at 1298.50 CLVN. Traveled down to 1291.75 CLVN and 1292 was also the UVA for our micro composite. After breaking through the 1304 CHVN we ran up to 1305.75's one tick away from Wednesday's high of 1306.

    Plan/Hypothesis: Nothing seems to keep this market down even that horrendous job number took us down, but we recovered quickly. Unless we take out the overnight high of 1308.50, which also happens to be a CLVN, and where we turned around when the jobs number came out. I will be looking to sell rallies unless we take out that level, will be cautious on both sides.

    Quote of the day: "Anger is the most destructive of emotional responses, for it clouds your vision the most."~ Robert Greene

    No comments: