Saturday, October 31, 2009

Profile Assessment and Outllook Into Next Week

I mentioned that Thursday's move was somewhat suspect and that a move lower was possible.
Market Profile can reveal where the market may retrace if there is no follow through on the downside.
Most likely there will be a gap down on Monday.

1 comment:

  1. I read through your blog.... This is a BRILLIANT quote. People outside of trading need to understand this too. I love it!

    Visit my blog and see what you think.

    Although it is in a different direction (giving back) I think with a mindset like yours you will like it.... that quote made my day!

    This quote:
    "Drawdown in your psychological capital is much harder to recover, than is drawdown in your equity balance."