Friday, October 10, 2008

YG (Simulated) Trade and NQ

Yikes!!!


Holding until it goes up to 923 again. Looks like one failed bull flag after another to me.



NQ Oct 10


If NQ doesn't go up to 1280, and stay above that before 12pm EST today, it's going to plunge to fib 161.8.

I'm not betting on it to climb up to that level (1280) pre-market.

Hence, am not going to enter short (yup, I'm still a bear) before market opens - even if it tests 1280 and fails.

Market's a little schizo now, and might just rally after 9:30am EST.

NQ 30min

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