XJO s&p/asx 200
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upthrust tuesday

  1. Funkymonk63
    4,627 Posts.
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    26/02/13
    07:51
    Post #: 11465726
    Hi folks

    Well i thought I'd start todays thread off for once, seeing I was up early and watching that beautifully executed trap up-move or upthrust on the US markets overnight. Textbook stuff that now has a lot of punters, who got all excited and went long early in the session, to now be effectively trapped in long positions.

    We'll have to see what happens at the 13650 level now to determine if this is simply a pullback or something more sinister I guess.

    Safe trading to all and tight stops

    Cheers
    XJO Value at posting: 134.00
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