12 February 2007

Sunshine In The Rain

Got the Nasdaq 100 March futures up top...I use this index in reference to most of my stock and options trades...kind of made an effort to move away from the NYSE over the years...for example, my waste of time LCAV daytrade today....felt there would be much more volatility today alas there wasn't...that's why my gut tells me we may stretch just a little bit lower Tuesday morning, but then I've been wrong before...

Anyway, looking at the chart here...got to think we'll test somewhere near that 1770 level or about ten points below today's low sometime in the near, near future...so I'll be basing any trade decisions on that...fading moves over 1795 and under the 1774 area...jfg.

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