13 April 2007

Can We Get One Right?

All right...so the NQ's tick to within shouting distance of my stop just under 1815 and reverse higher...internals are negative but as we saw yesterday that indicator has been unreliable as of late...so we hold and wait...I am raising my stop to just at the low of this last 5 minute doji candle @ 1816...so we've cut risk down to 3 points...it's not easy "spelling out" exactly where the markets turn...profit targets around 1827 or higher depending what the internals and volume levels look like on this push higher...one and done if stop gets it...losing tends to throw off my bias...jfg

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