01 March 2007

Ahead, March!

Markets starting to rally here out of lunch...futures almost flipping green.
Market internals remain weak with advance-decline lines still 2-1 negative on both exchanges...up/down volumes also 4-1 red, an almost giddy number considering some of the readings these last few days. I'm going to watch resistance levels on the NQ (1780) and the S&P (1420) as profit targets this afternoon for some of the calls I bought this morning...we'll see if we get there...I'm expecting we just might...jfg.

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