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.
Dollar strength is causing people to hit the sell button in PCLN.
1045 is mvg avg support. Closing below 1035 will lead to another leg down.
EUR/JPY...price action below 133.52-58 is needed for more the Euro to lead another leg down. The macro sell stops are @ 134.58-75, a long way away.
It's month end, meaning early Bears can get rinsed by late day Bulls in the last 30 minutes of trading.
Time Frame Trading.
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