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Home Posts secondary

Trading A Secondary Level

sspencer06/04/2009Steven Spencer (Steve's) Blogs, Technical Plays, Trading Theory14 Comments

JPM priced a secondary a couple of days ago at $35.25.  JPM showed nice strength in the morning and traded up from around $34.40 to $35.25.  One of the younger traders on the desk called out “JPM at the high of the day”.  Rosie, the trainee who sits to my left immediately responded that JPM was approaching its secondary price … Read More

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