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Post# of 37180
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frenchee

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frenchee

Re: Kaja Bear N post# 20307

Tuesday, 10/26/2004 7:45:57 PM

Tuesday, October 26, 2004 7:45:57 PM

Post# of 37180
Kaja Bear N

I wouldn't rule out a rally on Wednesday like you expect. Matter of fact, hope we get to at least 36.56. Let me explain...

Current Position: 100% Cash
Support: 35.50-35.70
Resistance: 36.15

Got out this morning @ 35.49 to lock in gains from the recent short trade. I didn't like the positive divergence between the hourly RSI and price which forecasted today's rally. Nevertheless, my bias is still bearish, and I'm looking to take on a short Wednesday at either of the following two levels: 36.56 or 35.20. Otherwise, just going to remain in cash...

http://img8.imgspot.com/u/04/299/18/QQQdaily102604.jpg


Regards,
frenchee

#board-4258 TSP Trend Timing: EFA (I), TLT (F), SPY (C), and VXF (S)

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