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

To: yard_man who wrote (49054)5/5/2004 2:06:05 PM
From: Michael Watkins  Respond to of 52237
 
From yesterday: 16:06:43 Mike: So it seems 1120 and 1435 on ES and NQ are key areas to watch to determine if they remain resistance or turn into new support tomorrow.

Intraday wiggles starting to make SP/ES look more healthy now.



To: yard_man who wrote (49054)5/5/2004 2:21:58 PM
From: Michael Watkins  Respond to of 52237
 
That 1120ish level in ES - you can see where resistance has so far turned to support now. trendvue.com

At least there is a relatively clear line to look for failure. Failed test of HOD and a push down and hold below 1120 being one scenario; passed test of HOD and a move to test yesterdays high the next scenario.

and there is always grind sideways and p.o. everyone scenario.


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