Wednesday, April 30, 2008

Another reason to use EOD price signals

Case in point as to why I don't recommend trading on days like this. Actually, you might be better off sitting out the whole week to see if an actual direction can now be established. This chart also reiterates why it is important for short-term traders to use EOD signals instead of intra-day signals. It may have otherwise been real tempting to jump on board when the S&P was racing past 1,400 before quickly reversing to 1,385.

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