Wac
McHugh had a major price move factored into the market this week, which can happen intraday. As you will have noticed the US fell heavily last night only to recover and go green. that was the move for the week he was talking about.
If im reading him correctly and i tend to agree you could possibly come out of low volume holiday week and see sharp move to 10K on the djia. there is a major turn date mid sept with US markets.
The opinions of these "gurus" are good for trading but we all must keep our own ship in order. Everytime Im having kittens over a position i have carried overnight simply tells me i shouldnt have it ???
Regards
Rob
friday trading, page-37
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