Market is building a bottom here. Recent five days, up day's volume is much stronger than down day's volume. VIX was unable to break above 28. S&P was able to remain above 1040 despite of bad economic data and extreme bearish sentiment. Everybody expects a bad NFP on Friday. That is way I believe the bad news already priced in the market. Unless we get a much worse than expect NFP, I believe the next market move is UP.
S&P Trading strategies
1. Swing trade for DUMMIES - exit. Got whipsawed, stop trading until market has a clear direction
2. Guerrilla trend channel - sell short signal triggered on Aug. 11
Russell Trading strategy NEW!
1. Guerrilla trend channel - buy signal triggered on Aug. 27
Market is building a bottom here. Recent five days, up day's volume is much str ...
ypm968 发表于 2010-8-31 20:54
"Everybody expects a bad NFP on Friday" --- so, if misses, it is "expected" with slight red............if unexpected beat........that is a question of +200 or +300 ha ...........