Short Term Trading Member Forum

[jwg]

ndx numbers + stats for today :

march low = 1368
may low = 1372
july low = 1368 ( EOD july-26 )


1489 = 200ma weekly 'belkin rule'
1432 = 26ema weekly 'a. elder rule'
1416 = 200ema daily

1363 = TL oct-2002

1337/1343 = gap oct-2003

1368 = EOD monday

1372/1382 = S broad support zone
1360/1362 = S minor support
1354/1356 = S good support

1390/1392 = R

above the broad support zone (1382) position 'long' trade.....

pricewise we may have hit a temp bottom, but breadth indicators
and vola indicators show a different picture.
either we correct the vola-bandwidth today ( means pop-rally)
and thereby reset the indicators, and then the next selling
wave to come...
or we continue to grind more down in 'oversold' condition...

good trading
jwg