Wednesday, July 12, 2006

SIMSCI 12-JUL-2006

Shrugging off yesterday's losing trades, I am back to business. DJ had an interesting session yesterday, It was a selling in the first half and turned into buying mood at the end. DJ was up around +31 points. SIMSCI opened with a small gap and intraday trying to form an uptrend, it is yet to be confirmed. I am waiting for setup to complete before considering any position. My concern is Nikkei futures. It opened higher and drifting down. Intraday down trend is formed. Not so healthy sentiment. It might be another choppy day.
Today's objective, again, trade with quality, not so much about quantity.

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