EDGE TRADER

Thursday, August 25, 2005

SONC TXRH

SONC appears poised for a gap up this morning. TXRH looks pointed at a gap down. S&P futures are looking good this morning. I will look for a nice setup to roll this trading capital into after selling. Depending on how TXRH opens, I may only sell half and ride the other half.

Today looks so far like a good day in the summer doldrums, but this smells of the "up" days we had last week where the tape nose dived in the afternoon. It is unlikely that I will trade tomorrow so I am hoping to make the most of things today.

Good luck.

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