January 20, 2011

DD Day

As yesterdays post titled  Neutral extreme Day..i was expecting to see follow of last hour up move but clearly market struggled a lot to cross VPOC level mentioned of 5746.For most part of day 5710 level held..so VA developed overlapping higher but second half saw heavy sell off n nearly hit 17 Jan Vpoc 5662(nowadays we are seeing this very often hitting both sides VPOC i.e. extreme volatility.) and moved back closing @5698 so developed day type was Double Distribution Day.Today's low 5660 holds key for any side move now.
Today i was  away from market after 11am..was holding Bull Ratio spread and had no idea of fast reversal now my position clearly needs some rework tomorrow.
Today's Profile

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