This was a good day for daytrading, no doubt. Plenty of volatility. Direction from here is unclear but all the nearby gaps have been closed. SOX held support and so did NQ. Plenty of ways to make money in this environment, just dont get married to a trade. YM chart shows the importance of 10762 and if it can move past that, next stop is 10813 and further up 10884. It will all depend on how techs hold up, in particular the SOX.
This entry was posted
on Wednesday, January 25, 2006 at 6:43 PM.
