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Strategies & Market Trends : E-Mini Pit
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To: herry iball who wrote (4229)7/17/2002 4:15:22 PM
From: the-phoenix  Read Replies (2) of 11288
 
>>That's why I'm taking my signals to enter, but taking profits at first resistance<<

After NQ broke above 1032, I didn't see any resistance until 1046, so was kinda hoping it would run up to there.

I see now that the 50% retracement of the morning selloff was at 1037, which matched a 1.272 expansion of the previous pivot high to pivot low. Only thing that I find to explain the reversal at 1039.
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