Intraday:
NQ and COMP right at their respective 10 DMA's (1726/2344). These are must hold zones for bulls or NQ could test trendline support near 1700. In normal times I would say its a done deal. These days, I am not so sure. Nevertheless, resistance is now clear at 1734/1737. Gold tested the 576 level and bounced back into the morning gap. If it can hold 580.50, the worst could be over especially if we are in the process of forming a right shoulder on an inverse H&S.
This entry was posted
on Tuesday, October 24, 2006 at 8:00 AM.
