Friday, August 7, 2009

trade 50: MQG short...again.

1/ 80 short 43.985
2/ Candle bearish at the previous day's resisistence - downside 44.10
3/ Depth was stagnating, I followed the tape all day - large moves of MQG were 20k qty orders - looks like this will be something to look out for, for intraday direction.
4/ daily downtrend
5/ fallin macd
6/ market still broadly weak on the day
7/ possible downside risk with payroll figures coming out tonight