Monday, December 12, 2011

trend down day trade:

internals  - strongly bearish...  the key was to do nothing -- and wait until 3 pm when the cover trade comes in ---  /tf moved 10 pts --   no way to fight it.  Getting long early won't work. but end of day will likely be a very easy trade with confirmation in  bonds getting weak and -- like today - the euro bottomed off an old low established on Oct.       On Twitter, permabears were covering with glee -- so it was clear the trade just needed the last half hour for the move. 

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