Dec 022010

I have identified 5 potential plays for today.  It all depends on if the OTF shows up.

  1. Fade the CHVN on first test
  2. If price continues higher fade CLVN unless there is strong buying (and even then should be good for a scalp at least)
  3. If there is no strong selling at the open, buy CLVN.  Look for signs of balance.
  4. Fade a move back up to CLVN.  This would be with trend & very good setup.
  5. If there is no strong selling, fade a move to CLVN.  If strong selling then pass.  This is counter-trend so take with 1/2 position or just observe.

Will post yesterday’s ES results soon.  I was plagued with internet problems.

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