Dec 312012

trade 121231

Pre-holiday trading is expected to be light as many day-traders have shut down for the year and much of Wall Street is paralyzed by the pending fiscal cliff.    The light volume makes volatility more likely as few shares can result in big moves…  And that’s what we experienced early.  There was a long opportunity right off the cash open, but I wasn’t paying close enough attention to recognize.   The ES then moved up and bounced off the DTG 96.75 level and pulled back into the DTG 93.75 level creating today’s example trade opportunity.

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