Wednesday, April 01, 2009 11:48:59 PM
They will. By the way, look at this chart of the NASI (summation) Clearly hitting extended highs
That said, right now the futures are up 10 points to 819 which translates to the SPX around 823. I think it's running because of the mark to market decision tomorrow. However, I think it sets up a sell the news event for this pullback that will eventually come.
Tomorrow could be that big reversal. So, look for shorts tomorrow in the ES on extended moves.
In quote tracker, open 3 charts - 30, 10, and a 5 min chart. Open all with only 1 indicator -- regression channel. When ALL confirm together an extension move to either the highs or lows of the channels, go the other way and play it for at least 1 point. It's so safe, you can go into an all in trade. I use 10 contracts on each trade and capture at least 2 a day gaining between 1 and 1.5 points.
The symbol in Quotetracker for the ES is GLOBEX:@ESM9
Also, look for shorts on BRCM around $21.70
That said, right now the futures are up 10 points to 819 which translates to the SPX around 823. I think it's running because of the mark to market decision tomorrow. However, I think it sets up a sell the news event for this pullback that will eventually come.
Tomorrow could be that big reversal. So, look for shorts tomorrow in the ES on extended moves.
In quote tracker, open 3 charts - 30, 10, and a 5 min chart. Open all with only 1 indicator -- regression channel. When ALL confirm together an extension move to either the highs or lows of the channels, go the other way and play it for at least 1 point. It's so safe, you can go into an all in trade. I use 10 contracts on each trade and capture at least 2 a day gaining between 1 and 1.5 points.
The symbol in Quotetracker for the ES is GLOBEX:@ESM9
Also, look for shorts on BRCM around $21.70
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