Sometimes you want to pat yourself on the back

[Soultrader]

When your analysis pays off you feel like the man every now and then.

In this thread I would like to explain the importance of overnight session again. A video analysis of the opening action can be found here for Sept. 5th, 2006.

CLICK HERE FOR VIDEO THREAD

In the video, I mentioned the premarket price rejction right above value high. I also mentioned the daily pivot as a good place to go long. Take a look at the chart attached.

When prices were rejected above value and pushed back into value, it was an indication that price will trade within or below value for the trading day. In today's action, price did exactly that.