09 April 2007

Bobby "Bacala" Baccalieri

So as you can see we have a sell the open set up for this Monday...but we really don't play that game and there is no exact spot to get short so we want to let that first half hour tick by watching the internals and especially keeping an eye on the financials...GS, MER, JPM should clue us in on market direction....let's watch the first 15 minutes of trade to establish the opening range and watch the initial reaction to a break of that range...in my mind we will see 1820-1825 before any more upside, so let's position ourselves for that to happen...if we can't be sellers on higher pops away from 1820 then be prepared to buy and scalp off that pivot...jfg.

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