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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (140092)1/10/2007 3:49:37 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 209892
 
The March SnP Futures has had decent volume the last two days and rallied yesterday afternoon as well as all day today. I'm optimistic it's starting to move higher.

I wouldn't know a 1 of 3 from a 7 and 7/8s, the sense I come away with is that it's working off some of the overbought conditions...

From my standpoint it's difficult to switch easily from a trending market to a market under accumulation/distribution. With respect to trading it anyway. I'd welcome a trend one way or the other.



To: skinowski who wrote (140092)1/10/2007 5:21:14 PM
From: Moominoid  Respond to of 209892
 
Went long ES (already had SPY) instead of my usual NQ. NDX is in overbought zone, while SPX stochs have crossed nearer the bottom of the range. Though the model is still long NDX, ES risk seems lower.


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