Wednesday, October 24, 2007

For Thursday, Oct 25th

The volatility of this market is great for day traders. Im still on the short side of the trade due to the markets overreaction to news and the fact than new home sales coming out tomorrow is almost guaranteed to echo the current housing slump.

Jobless claims (also due out Thursday Morning) and Consumer Sentiment on Friday are also likely to have a impact to the downside.

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Pivot Levels For Thursday, Oct 25th