04 April 2007


The chart of the 1 minute tick of the Nasdaq shows my thinking on jumping into the short side a little early...the push into 1819 came on tick highs of 550 with the subsequent push on lower tick highs of 250...now in the bigger picture that may not mean anything as the market sure can push higher from here but when entering positions near support/resistance levels this can be an invaluable tool...NQ's just ticked 1819.75, so we may get stopped out here...we shall see...jfg.

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