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.
We’re seeing some profit taking out of Europe going into London’s close.
Spu’s…in order for any downside to be generated sustained price action under 1905 is needed.
If indeed that were to occur at some point today, 1899 is the level that would more than likely trap the shorts the first time in.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.