Hit The Bid: 3-1-11 Tuesday

This blog.....

.....is for my daily homework and some journaling. Hope it helps any and everyone learn and make money. That's what we are here for....to manage risk and make $$$. Wishing you all the best, except when you are on the other side of my trades ;) Also there is a lot of code on this blog that many people have paid ridiculous amounts of money for, in some cases. So if you feel like the code on this blog is worth it throw a few bucks this way, we would appreciate it! I will also be posting some chart definition's for Investor RT. Thank You!

Tuesday, March 1, 2011

3-1-11 Tuesday

Recap: Had a pop in the overnight session, but we have now come back down, normal-shaped profile as well.

Plan/Hypothesis: Expecting OAIR or OAOR. If we open within the range, I will look to sell rallies. Should we open above the range, I will look for a close of the NVPOC and naked close at 1324.50's (highlighted on chart). If after closing the VPOC we continue down, I will ride the trend.

News (All Times CST):

Motor Vehicle Sales 6:30

ICSC-Goldman Store Sales

6:45 AM