Thursday, April 30, 2009

Balanced Market - Am I At The Circus?


Here is a look at how the futures are trading about an hour into trading. I am still holding a small long QID position which is and inverse to the market . So overall my bias is still to take this market down for a test of yesterdays value . I have my stop very tight at we are in a balanced area and anything can happen here. It’s just a matter of who wants it more now. Notice the balance in the chart below right on the flat regression line and on the high volume in the profile.

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