Wednesday, November 28, 2012

Downside

Traders working the downside early this morning- looking for that 1378-80.75 area for some meaningful support

Before Open

Well seem like getting out yesterday at close below 1400 seem to be the right call before the open. 45 before the open we are down on the futures and looking for support @that 1391 level early on.
Yesterday was tuesday and we didn't get our usual turn around tuesday play that that tells me we are biased here to the downside for the moment.
Let's see how we play into mid day.

on the upside the number to get through is still 1408