http://KnightCapitalManagement.comGreece? Who's next?
Good Trading,
David "Tiger" Knight
P.S. Funny thing is we were talking about this scenario in today's wrapup today. Very interesting how something just happens in a blink of an eye.
Thursday, May 6, 2010
Dow Down 1000 Points in One Day Before Recovery
http://KnightCapitalManagement.comGreece? Who's next?
Good Trading,
David "Tiger" Knight
P.S. Funny thing is we were talking about this scenario in today's wrapup today. Very interesting how something just happens in a blink of an eye.
Wednesday, May 5, 2010
Crude Oil Retracement Trade Breakout Long
Click on chart for a larger picture.http://KnightCapitalManagement.com
Nice breakout of a temporary trading range. The Crude Oil Market has been beaten up from Monday until today. Finally, the market showed a bottom that formed. Notice the two Spike Reversal bars that confirmed a long entry above the respective trend lines.
Overall a nice quick breakout of a trading range on a retracement trade. Take a look at the 60 minute chart with the high at May 5th to the bottom formed after the 10:30AM release of the Crude Oil Inventory Report.
A very nice technical setup today! Entry point was off a 5 Min Chart.
Good Trading,
David "Tiger" Knight
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