Sunday, August 5, 2012

Monday Outlook trap and drop

Methinks a trap and drop.   Drop a comment, only if you have a pulse.

First an slightly higher opening and advancing 1 hour on shaking buy volume but with many issues up, to draw in the "I knew it I Knew I should have gone long on Friday" crowd.    And then a 2 day 2% bodyslams to tech them a lesson, and then we rally into next Week Expiry week.

Euro, risk on/off NZD/JPY, and Nasdaq futures all say the same.  

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Insightful and Useful Comment!