Friday, February 5, 2010

Friday, February 5, 2010

RECAP: Can you say capitulation? We'll, you may care to say it, but time will tell if this monster doji on th daily bar will hold up. Rush to buy call options?  Not so fast, but the bullish tape erasing 200+ dow points in the last 2 hours is certainly reflective of an oversold market. Of course, we never know what the market will do. That's why we trade the charts. Here are the official trades for the day:

9:52   S  1057.25   +2.50
10:39 L  1059.50  +3.50
14:32 S  1046.50  +2.00 

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