Friday, January 15, 2010

Premarket Email To Art Of Trading Subscribers

Here's what I wrote to my subscribers this morning before the open:



good morning traders!

Futures pointing to a soft open. Today is OPEX!! So PLEASE BE VERY CAREFUL! Trading will be more difficult than usual. I am seeing a mixed bag in premarket. I have a gut feeling today will be a very tough session t trade. MY gut instincts and seeing how the market has been having trouble moving higher: My gut instincts are telling me to be extra careful with long positions going forward. These are first early warning signs that a correction is looming.

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