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To: Jack of All Trades who wrote (2165)8/8/2001 1:51:42 PM
From: Chip McVickar  Read Replies (1) | Respond to of 12410
 
>>inverted hammer on the 30min chart, <<

I call that a Cherry Bomb...!

On the 9th we have export figures and 10th PPI

I don't like these thin summer markets for position trading, they make very shallow moves while waiting for big news which can then bring stong moves in a wink.

However these small moves are not shadowed by as many "weasels" and their agressive tactics..., so the market is easier to read and scalping 5 maybe 10 points is easier.