trading

trading

Tuesday 8 November 2011

Up auction continues.



Similar price action as yesterday, first we had a gap up in price, but after half an hour of buying, selling started and continued for an hour and a half, then bulls came back and took control. Plus we had some help from Treasury operations today buying coupons. Today we crossed that very important 200dma S&P and now we'll see what happens next. There is lots of noise out there, but as always, the best thing to do is to focus on the price action above all else. 

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