Intraday update: NQ headed for 1723.50, weekly R1. Bearish divergences everywhere, but no one cares. One can be short at weekly R1 should it happen, especially ahead of inventories tomorrow and INTC update on Thursday. But use tight stops and keep an eye on DOW 11K. NDX has surpassed January 2002 high of 1710 and that is a very bullish development should the highs hold at the close.
This entry was posted
on Tuesday, December 06, 2005 at 9:25 AM.
