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Strategies & Market Trends : Sharck Soup
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To: velociraptor_ who wrote (17565)4/20/2001 1:36:29 PM
From: Dave Gore  Read Replies (2) of 37746
 
UPDATE - NAZ FUTURES broke down through the 20 period EMA on the 5 and 10 minute chart a few minutes ago, but is trying stabilize....in a nutshell, it's weak right now. I don't put a lot of faith in the doldrum moves, but this is not good for long position at the moment. I am flat and waiting for us to come out of the doldrums and a more definite answer to the question of where we are going.

My guess is end of week profit-taking. That would be a 65% chance I think, but guessing is kind of dumb to bank on when you can just watch the indicators.
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