Thursday, November 18, 2010

Just a bounce or range establishing day?

2 thirds of today's gains came from opening gap.  SPY tries to hold 118.50sh support area, and even after this move TD Setup Buy count is intact, printing 7 today.

USO (AS I said yesterday I closed 1/3rd of long put, but I reopened 1/2 of that closed 3rd today into the bounce) did the same trick trying to hold older support/neckline and bounced almost all the way to TDST (I will add puts at 36 area)

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