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Strategies & Market Trends : Longer-Term Market Trends
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To: jay7_wallace who wrote (1514)7/29/2008 6:46:11 PM
From: AllansAlias  Read Replies (3) of 3209
 
Record of trades since the thread began, each being posted here. The red areas are short, lightest red being 50% short, the green long, and the white is flat. Entries/exits are shown with small blue lines. All trades are 2x SPX.



Nasdaq is at some decent s-t resistance here, mostly of the horizontal variety. My hope, and feeling, is that it gaps-up over it in the morning. The bearish scenario says it only built a triangle and now we go down to that new minor low mentioned here by a few people.
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