Thursday, February 14, 2008

Bar counts

Today's bar count was right on target, but still very hard to follow, but I'm managing;

Today
120bars @ 10.10 ---- this is usually 126 bars
156B @ 1:15 -------close to 160
174b @2.50pm -------close to 180
190 b @ 4pm ----------UNFINISHED biz tomorrow

FEb 15
204 Bars @ 10.30
228 bars @ 12:30
259 bars @ 3pm

One would think tomorrow would be the same as today, However, pressure readings dont agree with a down day, at least to start.
Heres my thinking.

first < 30pm =" 329">
.
Second.<>

I did well with puts today and sold out at 2:50pm.
I will be looking to get short again tomorrow on any rally between 10:30, and noon. Unless it opens with a rebound at the open, first 10 minutes, altho I dont see any reason why it should.
Best Wishes
Jay

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