What happened at 10 AM??

OK sheep I am sure all of you are scrambling asking what the new is, hoping you can trade off of it after it happened. I was short so its good but what happened to cause this drop?

 

Consumer confidence 10 points lower than expected.

http://anasdaq.econoday.com/byshoweventfull.asp?fid=442643&cust=nasdaq&year=2010#top

 

5 point delta from previous number is what most consider meaningful- possible trend in sentiment

so 10, is decent start.....

 

Dude, you need a report calendar. Next time, you may not receive such good/dumb luck on a trade.

 

AS SEEN HERE:


http://www.bloomberg.com/markets/ecalendar/index.html

 

luck huh?

anyone who traders based on news will get crushed, Dude you need a shepherd. Please stop trading before its too late.

 

Beside luck you need to hang around with actual traders for some basic knowledge on intraday trading.

And ofcourse thats only applicable if you want to trade.