Thursday, November 20, 2008

Nasdaq Profits Trades for week of Nov. 24th

We didn't have any trades this last week. Just the way the history is!

But this coming week will be JAM PACKED!


Monday November 24th
17 UP
4 DOWN
21 TOTAL TRADES
81% UP

TUESDAY NOVEMBER 25TH
14 UP
5 DOWN
19 TOTAL TRADES
74% UP

WEDNESDAY NOVEMBER 26TH
14 UP
8 DOWN
22 TOTAL TRADES
64% UP

Thursday is a US HOLIDAY (Thanksgiving) AND THE MARKETS ARE CLOSED.

FRIDAY NOVEMBER 28TH
14 UP
8 DOWN
22 TOTAL TRADES
64% UP <----- Note that the markets close early on this day 1pm eastern which is 18.00gmt. So if trading on BOM your trade would be from 1440gmt to 1750gmt.

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An additional cool thing about the day after thanksgiving (friday) is whatever the direction the markets are trading at 10.30am est (15.30gmt) that tends to be the direction they end up going the rest of the shortened day. It is a very light volume and slow day usually as most traders just skip it. But over the years I have noticed that whatever direction the markets are in. Say for example they are up 10 points at 10.30am Eastern on that day. The UP direction tends to be the way they go the rest of the day. It works very well usually. Is it GUARANTEED NO! But if I am around I will be doing that trading as well.

Some other news that you can use......

INO just changed the videos on their site and have added 4 new top traders including Jack Schwager the author of the Market Wizards book. If you haven't checked out the videos yet you really need to at

http://www.videos4traders.com/

Its free to sign up just click the Sign Up button and fill in the form to get access to all the great traders for FREE!

Have a great holiday week.
Steve

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