Early Market Update: It’s All About The Close

August 20, 2008 10:35 AM

All that matters today is the close. We have made a decent low and decent opening high early on. It appears that if we clear the opening high here we may go straight up.

1:00 Update: We did shoot straight up once we cleared the opening high, but backed off a new high of 1276.75. We now have a firm low and firm high…. one of them will likely clear before days end.