The Stac Board

[75playa]

This is the first time since Monday that my downward moving Stochastics on the 5 minute chart has issued a warning not to short on the Naz. It could be a very good sign that the market is geeting much stronger.

Unfortunately, one scenario says that the Naz just completed 4 in a five down so 1423 to 1430 is not out of the question. I also have that big trend line there so we aren't out of the woods yet.

As I type this the 60 minute is floundering at very nuetral levels. Time to sit on my hands and wait for a signal...I believe.