This is the daily Traders Paradise commentary. I shall try to post it as regularly as possible, but for the sake of better understanding, you might need to take a look at the Traders Paradise System itself. Anyway, it's available at the following link :
http://www.stockhits.com/site/id62.html
Traders' Paradise Commentary - Nasdaq100!
By StockHits.Com on Tuesday, October 14, 2003 at 4:51:06 EST
The market looked like smashing the 1,400 level at open yesterday with an aggressive Upward Gap, which was filled later in the session, however, there was no follow-through and we ended up almost where we started. Although the penetration is exactly 1%, the resulting Spinning Top shape would force us to wait for a confirmation before squaring our short trade. Letâs see what happens today.
Good Trading !
http://www.stockhits.com/site/id62.html
Traders' Paradise Commentary - Nasdaq100!
By StockHits.Com on Tuesday, October 14, 2003 at 4:51:06 EST
The market looked like smashing the 1,400 level at open yesterday with an aggressive Upward Gap, which was filled later in the session, however, there was no follow-through and we ended up almost where we started. Although the penetration is exactly 1%, the resulting Spinning Top shape would force us to wait for a confirmation before squaring our short trade. Letâs see what happens today.
Good Trading !
