While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
14.37 is resistance and the 200 day mvg avg.
The resting buy stops are above 14.65
Use this for the tool it is to match up with the ebbing of potential capital flows going into London's close. Sell orders.
Downside follow through in the Equity Indices in the NYC afternoon session will have this move 70-80 cents at a time to the upside.
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