While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
Spu’s…1644 is first resistance. This looks to trade as high as 1653 on this wiggle.
Nasd 100…3117 is the first good resistance. I wouldn’t expect to see any action above this on the first attempt without some re trace. That would be 50 points without any reversal.
Expect the markets to remain firm going into London’s close. Back to live British House of Commons, the only civilized T.V.
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