Market Analysis for Nov 5th, 2003
Will Cisco News be An Opportunity to Liquidate Longs?
By Mike Paulenoff, MPTrader.com
By Mike Paulenoff, MPTrader.com
This morning is very interesting largely because the market did what it had to do to make you believe it wasn't going down right before it plunged. That's in classic form. In the first half-hour of trading the market opened lower. All of a sudden it whipsawed to the upside.
The E-Mini S&P went from 1048 up to 1054