Support outlined earlier posts has held and you should cinch up your stops ahead of the Feds. The SOX bearish divergence I pointed out this weekend has done its damage, pulling us right down to support. Now it's time to keep tight stops and see what happens. Stay disciplined as any break below NQ 1708 could send us lower very quickly. If NQ bounces, move up to even, preserving capital is the name of the game.
This entry was posted
on Tuesday, January 31, 2006 at 9:14 AM.
