Larry Levin
08-01-2007, 07:34 AM
Dear Fellow Trader,
Well on the trading floor here in Chicago we call yesterday a ‘Turn-Around Tuesday' kind of day.
On Tuesday we do the opposite of what we did on Monday. On Monday we moved higher and on Tuesday we started higher and spent the whole day moving lower.
You've got to watch for big reversals in the market lately. And they are most likely to continue as this volatile trade doesn't show any signs of letting up. So use caution and trade small numbers until things slow down a bit.
Today's Trading Tip:
"Watch for big reversals after an extended move!!!"
Click Here to Learn more about Larry Levin and his trading techniques (http://www.secretsoftraders.com)
Well on the trading floor here in Chicago we call yesterday a ‘Turn-Around Tuesday' kind of day.
On Tuesday we do the opposite of what we did on Monday. On Monday we moved higher and on Tuesday we started higher and spent the whole day moving lower.
You've got to watch for big reversals in the market lately. And they are most likely to continue as this volatile trade doesn't show any signs of letting up. So use caution and trade small numbers until things slow down a bit.
Today's Trading Tip:
"Watch for big reversals after an extended move!!!"
Click Here to Learn more about Larry Levin and his trading techniques (http://www.secretsoftraders.com)