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ESZ8 12-16-08
We’re down, we’re up….the market has been reduced to trading on the tiniest bit of news, whether it is good or bad.
The good news is that inflation seems to be in check.
The bad news is that most of the economy is,more or less, flat on it’s ass…manufacturing numbers are terrible, consumer spending numbers are terrible, the banking system has been very slow to loosen up, and the outlook for housing is somewhat less than rosy….so we went up 400 pts today. Go figure.
As traders, we don’t really care if the market goes up or down, but it might be nice if there were at least so semblance of order in the process…I wouldn’t expect any soon.
I had a great day, and have been trading exclusively with DecisionBar, with great results, it has made me a much better trader, and kept me out of several lousy trade set ups…I can’t recommend it highly enough.. 14 points today on 2 contracts.
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