I received an e-mail this morning from a reader who is frustated … he has cut his overnight holds to zero as the market goes through its wild swings. However, he finds that he can't get involved in Day Trading on stocks that he normally trades (GS, AAPL etc…).
I didn't get involved in either of these today due in large part to not trusting a low volume holiday session. I told him I would post how I use Fibonacci grids in teaching my students in playing Continuation Patterns.