Short Term Trading Member Forum

[techcharter]

E-Nasdaq Mini March Contract Oddity.

When I looked at the e-mini contract it shows a much stronger rally for the day than the underlying NDX. What the e-mini's show is a clear zigzag correction with a nearly complete zag. The MSFT earnings news should put in the final rally in the futures overnight. I'm forecasting a pop and drop at tomorrow's opening.


E-Minis Chart
http://charts.barchart.com/chart.asp?sym=NQH8&data=Z15&date=012408&den=HIGH&divd=n&evnt=ADV&grid=Y&jav=ADV&size=D&sky=Y&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk


NDX Chart


http://charts.barchart.com/chart.asp?sym=$IUXX&data=Z15&date=012408&den=HIGH&divd=n&evnt=ADV&grid=Y&jav=ADV&size=D&sky=Y&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=&argd=&arge=&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk