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	<title>Trader Tony &#187; tight range</title>
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	<description>Trading isn’t farming, nobody needs a cow to do the “work”. The work is done in the mind.</description>
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		<title>Remaining cautious here.</title>
		<link>http://tradertony.com/remaining-cautious-here/</link>
		<comments>http://tradertony.com/remaining-cautious-here/#comments</comments>
		<pubDate>Sat, 27 Feb 2010 12:21:08 +0000</pubDate>
		<dc:creator>tradertony</dc:creator>
				<category><![CDATA[Market Overview]]></category>
		<category><![CDATA[crossroads]]></category>
		<category><![CDATA[distribution]]></category>
		<category><![CDATA[market projection]]></category>
		<category><![CDATA[resistance]]></category>
		<category><![CDATA[tight range]]></category>

		<guid isPermaLink="false">http://tradertony.com/?p=1155</guid>
		<description><![CDATA[With the SPX being unable to take out overnight high at 1108, and not reaching my target of 1113, I have closed POT Calls for a loss. Don&#8217;t have any position at the moment &#8211; will wait till the sideways action resolves one way or the other. The market is currently stuck in a 10 [...]]]></description>
			<content:encoded><![CDATA[<p>With the SPX being unable to take out overnight high at 1108, and not reaching my target of 1113, I have closed POT Calls for a loss. Don&#8217;t have any position at the moment &#8211; will wait till the sideways action resolves one way or the other. The market is currently stuck in a 10 pt. range, the breakout above 1108 will resume the uptrend, the breakdown below 1098 will resume downtrend.</p>
<p>My potential long would be POT, potential short is GS.</p>
<p>Have a nice weekend.<em><br />
</em></p>
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