Thursday, February 11, 2010

Maybe I'll start intraday updates. Here's second one for today. Feb. 11, 2010 2:28pm

My thoughts here are that it is looking a little extended, had more follow thru than many days lately, near the high of the day, and I haven't traded yet because I've been busy and also a bit low in account. So for technical and psychological reasons I'm not willing to bet on more follow thru on this extension. However, if internals ALL turn around along with ES, then if I find a 2point stop on a setup, I'll definitely consider it. The moving averages would also have to start to turn also.

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