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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Compadre who wrote (48437)	4/1/2004 1:00:25 PM
From: Michael Watkins	Read Replies (1) \| Respond to of 52237

I don't disagree. First at 1452 on NQ, and then at 1482. trendvue.com NQ hit target 2 - the 50D EMA. Typically when price reverses strongly from a down trend it will push through 20EMA and move up to 50EMA on intraday basis - happens all the time. Given the chart configuration on the daily was more or less expecting it. Still holding my swing trade longs, having more or less decided to gamble on the number tomorrow. Padding / hedging return with intraday futures scalps. If sellers manage to break price down below the consolidation zone (marked out in box) I might reconsider, although it would not be a surprise to see a sell off and new shorts become rocket fuel if the number is positve. All a big gamble right now. trendvue.com I should add that I would not be taking out new positions in either direction on the gamble - I'm only sanguine about it because my entry is approx 75 NDX points below. I am quite certain that even an awful jobs report will not push the market down that much in one go.