Friday, April 29, 2005

4/29/05 open

Went short after it broke the first bar low. Got 2 points on that then I switched going into the 9:00 hour. The market is very strong this morning. The 8:30 drop was weak and didn't get close to the 200ma. The 9:00 rally took off right at 9:00, not the usual 9:05 or so and it reversed very quickly above the 20ma. Unless things change, and they might (market is like a women, they can change things whenever it pleases them to do so) I expect strenght today.

Also remember it is a Friday. Also remember it is the last day of the month. Also remember that it is a Friday and the last day of the month. Those make for exciting days!

Trader X

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