Watch out for the whipsaw!!!

Discussion in 'Index Futures' started by T-REX, Sep 2, 2003.

  1. T-REX

    T-REX

    A Poor Employment Report Pre-Mkt could send unexpected volatility into the market.
    WHIPSAW,WHIPSAW,WHIPSAW!!!!

    Don't trade ahead of this report!



    Post-Report FORECAST

    Market should GAP-DOWN first and then retrace later today.
    see "T-REX Journal" throughout the day to see how to play this type of set-up.
    :)

    However Ovoid buying into this type of setup on the open if the market puts in the high first and takes out the overnight high.
    :)
     
    #11     Sep 4, 2003