Sniper Trade of the Day 12-18-09
- Posted by annemarietrades
- on December 18th, 2009
The markets have been quite interesting and for many of us, they have been frustrating. We here at www.annemarietrades.com have been on target for 5 straight days running as to general market movement and overall direction.
In hopes that our thesis for what is actually happening in the market continues, I’m shooting for the 6th day in a row. Tomorrow I see two scenarios: 1) a gap up to open that will fade into the close, to possible end a bit below 1090ish or 2) a flat open that lifts for most of the day then fades into the close at or below 1090ish. Now if that doesn’t put my body in front of the firing squad for potentially being wrong, I don’t know what would. I figure I’m either being brave, standing to my convictions and robust analysis, or just plain stupid for standing out there and giving an assessment of what I see without giving myself a backdoor to slip through…let’s hope it’s not the ’stupid’ choice. If it is…I’ll be scrambling for a mulligan.
Here is the video for the SNIPER TRADE on Friday.
Click HERE for fullscreen
Tickers: BAC, BEAR, BULL, CHANNEL, DIVIDEND, ETF, FADE, fibonacci, FINANCIAL, FINANCIALS, GAPS, GS, LIFT, MOMENTUM, PRICE LEVELS, ROLLOVER, SPY, STOCKMARKET CANDLES, STUDY, TIPS, TRADING IDEAS, ZION
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Anne-Marie earned a B.A. in Mathematics with a concentration in Econometrics and an M.S. in Mathematical Statistics with a concentration in Bio/Behavioral..More »
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