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.
SPU/BONDS, Nasd 100,AAPL are all attempting ORL days.
QID...is attempting an ORH. Sustained price action over44.60 is needed for upside follow through.
Spu's have finally given up a reversal since it last traded @ 1937.50 a month ago.
This correction has been long overdue.
This should be an interesting last 30 minutes to see if everyone hits the sell button.?
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For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
