"A man is not finished when he is defeated. He is finished when he quits."

Wednesday, May 2, 2012

thinking ahead...




Just thinking ahead on this trade I have going. TNA and QQQ have closed the gap from the morning's low open, but SPY has not. SPY started to close the gap just moments ago and TNA is starting to gain some energy though it hasn't broken the consolidation area using $59.40 as resistance. If SPY gets some gusto and runs up to close the morning gap, TNA will likely reach the second target of $59.70 that I mentioned in an earlier post.

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