Recap:
No official trades today however there was a nice range created that included a rare breach of prior days lows. Notice the HFT 'gotcha' trade early in the regular session. Price made new lows at the open, failed rally and broke the new low by a tick and bounced 5 points. Don't forget these play's now that HFT has virtually killed the breakout trader.
Anticipate range day for tomorrow and trade strategies accordingly.
Wednesday, January 13, 2010
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