6.27.2006

GOOD TUESDAY


It looks like the Gap fade play is on the table and according to "the book", there is almost an 80% chance of a gap fill on Tuesdays. My game plan will probably be to enter 1/2 the trade at the open and then watch the action as prices approach various pivot levels.

As mentioned yesterday, I expect choppy action ahead of the Fed on Thursday so a bounce from the open and a fade of Pivots/Supports/Resistance may be just the recipe for today's trade.

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