Tuesday’s range expanded a bit….3/30/10
Posted on 31. Mar, 2010 by Mohan in Boomerang Scalp Trader
Johnny here for an update on Tuesday’s expanded range. Well, it wasn’t much but with the 9 pt. range it showed the effectiveness of Boomerang Scalp Trader.
Still, we have to deal with this historically contracted market which is occuring after a huge run up from March of 2009 and now hitting the 1 year anniversary.
The end of March also marks a traditionally weak period in the markets (the “sell in may and go away” idea) combined with more importantly on March 31st, tommorrow, the Feds Mortgage Backed Securites program ends. This could be a double edged sword for the markets but could initially cause some volatility with the mortgage markets no longer under the Feds program. So watch for some fireworks possibly on Thursday. Friday the markets are closed for holiday.
Here is Tuesday’s chart with the comments.
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