We bounced hard into resistance, but I say risk/reward was good enough to hold mye new short positions over the weekend. Momentum is clearly up, and I suppose if we move even a little higher on tuesday, I'll have to accept a test of the highs is in the cards. Still, I favor a trading range:
http://stockcharts.com/c-sc/sc?s=QQQQ&p=60&yr=0&mn=1&dy=18&i=p71650769149&a=115736758&r=4927.pnghttp://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=1&dy=18&i=p71650769149&a=115736989&r=5571.png
GD
A logical resolution would be a trading range
Started by
gorydog
, Sep 01 2007 09:28 AM
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