Morning Update: 2/6/2012

9:08 am…

 

Lately, Monday have been negative and typically price reaches a price extreme by directional Tuesday. The plan is to trade light today and let the market define the stage. As most markets are screaming overbought only trades on the Short side will be taken.  No news today and I will focus on managing the open long position in NQ.

 

Olof Thomas

 

 

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