Yes it still looks like 180 bars has the OPEN LOWER till 9:40AM
After a bounce, there still is the 11;29 low to deal with which
doesnt have to be lower at all, but can be
As for ME, Im trading out of puts at the OPEN
a bounce indicated by the gauge level for today
opens at 3004, and moves higher to close at 3014
offers a good opp to short the close
Heres a chart of the pwer index for next 5 days
DAY ----Open --- Intra ----Close
MON ----300------------------500 indicates a DOWN open then Up
Tues ----325-------300-------400 indicates a DOWN open, lower, then up
Wed ----425------300------400 indicates an up open, down, then up
Thr -----350------300-------350 indicates a lower open, lower, then up
Fri -----300 ----------------300 indicates a lower open and down all day
For those who dont micro manage their trading
closing out puts at open today allows repositioning those assets
at higher prices on the open of the 4th-
thus buying back at lower put prices
More later
Jay
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