Thursday, March 29, 2007

Thursday Pre-Market

Looks like it might be a good day - here is the 5 minute charts from the USDJPY and we can't help but notice as soon as the US NASDAQ premarket opened it started going up.

But I've seen these things turn on a dime so don't start counting your profits just yet. If it is going to be an up day it is probably going to start with a bang and end with a whimper. It will be an awful day for day trading except for a few Return to 4 opportunities - maybe.

Have a good day trading.