The next few days are key. I am about to turn short term bearish if NDX cannot get past 1745 soon. The same goes for COMP 2328. The short trigger will be a YM run to 11100 that fails. If NDX 1744 becomes support, stay long.
YM weekly R1 is 11101 and frankly, with super Tuesady coming next week, I doubt we will get past YM 11100, so I'm inclined to short such a move. One can also play the long side provided any dip stays above YM 11005. The range should tighten.
Note: YM quotes are not DOW cash. There is a premium for March futures, so adjust.
YM weekly R1 is 11101 and frankly, with super Tuesady coming next week, I doubt we will get past YM 11100, so I'm inclined to short such a move. One can also play the long side provided any dip stays above YM 11005. The range should tighten.
Note: YM quotes are not DOW cash. There is a premium for March futures, so adjust.
This entry was posted
on Tuesday, January 10, 2006 at 5:36 PM.
