Marketgeometry

Tuesday, August 21, 2007

Tuesday Morning Thoughts 8/21/2007

The early bird gets the worm???
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This is frustrating. I have mention before that there seems to be a good turning point in the markets around 7 am EST give or take about 30 minutes. Today's move started at 6:40 and the dow futures "YM" ran 100 points or $500. So many times a test of a high or low is done at this time and the futures ran a bunch of points. Maybe I am nuts, but it would seem if I gave up about 30-45 minutes of sleep, I could pick off a good trade once and a while. The 13100 zone was the place to be this morning.

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