Friday, November 25, 2011

Holiday trading - don't even bother

Today was basically a non-event. Down much in pre-market, an amazing rally and than a sell-off, just to end more or less where we were on Wednesday-evening. I won't even bother posting the charts for DIA, QQQ and SMH. They all look the same for today, forming an inverted hammer. In this context (very low volume holiday trading, only a half a day session), it doesn't seem very meaningfull imho.

5m-chart for SPY:

I started a tiny startersposition in TNA @34.00. I'll wait for a panic-sell next week to add to the position. Or a powerfull opening on Monday, but that seems rather unrealistic, macro-wise.

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