Thursday, April 08, 2010

Market Notes for April 9, 2010


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Bears have something to work with now, as we've had 3 consecutive lower highs. Buyers are still buying dips. I think volatility will increase tomorrow, we could see a 16-20pt day.
For ES, the afternoon session needs to stay in 1183 area, or we could get some profit taking sequences.
Euro: yesterday's trade idea wasn't touched. Let's try again:
Short from 1.3410'ish area, target 1.3350