Wednesday, June 24, 2009

Gap up open

If SPX opens above 905, gap may not be filled. Then it will probably an "open high and go higher" day.

As I am writing this, ES is right at 898-899, which is about SPX 905. Need to see whether it will hold up before market open.

This didn't happen. You should have a way of locking profits or adding hedging.

Market goes higher, even with not good new housing data. Strong internal strength.

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