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 just corrected a full 100 points from the high.
Bottom fishing is rampant with the Spu’s having just rallied15 points off the low.
The worst is over for now and traders will await tomorrow’s employment #.
IWM elected all the sell stops and cleaned out the order decks. From here the Indices could put on a good rally.
Time Frame Trading?
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.