Trading diary: 02-Oct-2006 Monday Morning
October 2, 2006 – 10:07 pmDear diary,
It is October. Seems like people are expecting this month to be a better month for trading. Well, I really hope so.
Here is what I see in the Monday morning. First 30 minutes of regular session, I am looking at 5-min chart of E-mini S&P. Volume is not impressive, just enough to contribute a volatile session. TICK stays positive for most of the time, however, it is below 400 level. TRIN is trying to trend up, though it is still below 1. At least for now, these two indicators do not tell me a clear direction of market.
It looks like we are going to see another choppy day. I am still waiting for clearer picture.
Talk to you later.
From the desk of Tradergav.com
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