FOR THURSDAY: (12/22) Holiday slop continuing as players head for the exits and markets continue to be thin. Most markets are only open a ½ day on Friday and are closed on Monday, Dec. 26. Thursday is one of the better days of the week for upward action but the trade is nervous about European terrorism as we go into the holiday. We’re not inclined to take any positions home over the long weekend in the event of a surprise and we’ll continue to look for pattern completions that often come in after thin holiday trading is over. We would expect that Tuesday may be the best trading day of next week.
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