Daily Reflection: 08.06

7 Aug

A slow week to say the least. Today’s Jobless Claims # added a little volatility to the markets, but overall we continue with the sideways action. We bounced off trend line support today and this candle will be used for the bullish/bearish line in the sand, bullish above, bearish below.

One Response to “Daily Reflection: 08.06”

  1. Trevor August 8, 2010 at 4:03 pm #

    Friday provided nice bounce of trend lines and moving averages. We actually used the market behavior to open new long option spreads on some index etf's. I always enjoy your comments. Thanks! Trevor @ http://www.BookingAlpha.com

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