Thursday, August 30, 2012

Prudence and Market Profile say "get flat"

So we bought the market yesterday in ZNU2 @ 133-22.  The new mode seems to be setting up at 133-29...and without a supply condition to guide us, getting flat above the mode is the prudent thing to do, even if it is only 1 tick above the mode.  So, i'm getting flat at 133-30, and will just wait and see what happens next.

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