Friday, January 8, 2010

January 8 2010 Overlay and Commentary


I had good visualization this morning and was looking for inside support and an extension attempt.

Unfortunately the ridiculous non-action did not provide much of an opportunity to capture the movement nor did the move go anywhere.

I was off screen by 10:30 AM this morning. I have decided that I am not going to engage until the flow comes back. Hopefully things will look better next week.

Just about every trade I got into this week was surrounded by a wall of bids and offers which boxed the volatility and left little opportunity for the trade to go anywhere.

There are a lot of games being played in this thin market and this area needs to get cleared prior to a return to normal trading intra-day.

There is not much to cover in a video today so I am going to just close out the week with a light post. I may do a video over the weekend so check back if you are on screen at all.

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