Sunday, January 03, 2010

Weekend Market Analysis, Jan 03 2010

3 Steps Towards Objective Observation:
- Ground your views in the market data; All views & market hypotheses must be derived from a complete review of market data
- ascertain the intraday market bias and sentiment trend
- Frame all trading ideas as a bearish and bullish "what-if scenarios"

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If overnight action is bearish, I plan to sell resistance
If overnight action is bullish, I plan to buy support.

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