12 March 2007

The Monday Mood

Good morning from Vero Beach. To the left is the daily cash NDX...as you see we've gotten our 20MA cross through the 50MA in the 1787 area...the 20 MA now resides at 1784...so that should be a line in the sand for any upside momentum. Remember we are now trading based on the June Nasdaq futures contract (NQM7)...so we'll add 20 points to all of our pivots, support and resistance levels...
The over night kids doing a little buying with the $5 Dow up 18, the S&P 1.75 @ 1419.25 and the NAZ up 6.25 @ 1774.75. Not much of a bias for today, be back with some ideas.

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