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Wednesday, January 14, 2009
Here We Go Again
Everything looks lower this morning. Spoos dwn 18 handles.Retail sales worsr then expected. We have Biege book out at 2:00. We have broken important support on spoos . Next Support 845-840, then 810 -807. Looks like the trend is down to put it mildly. Look for the market to move back into the first hour range as a contra trade for a scalp. Take profits and be careful the first hour as volatility will jump higher and we will have a lower tick reading then yesterday. Keep your head and do not get too opinionated . Good Luck . I-m me if you have any questions. Regards, Frank
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