AI
Wednesday, January 11, 2012 3:20:57 PM
Afternoon Steve, errands today
Yes, the consolidation does look good but I still suspect a rollover coming as TNX is yet to participate. The INDU 100SMA is treading water for now, only the QQQ moving higher. Staying below SP 1295 INDU 12500 still looks bearish imo. A lot of Euro and US Econ news tomorrow morning before the Market opens so will expect the consolidation to continue overnight.
Definitely a time to see if TNX will lead the way or not.
Yes, the consolidation does look good but I still suspect a rollover coming as TNX is yet to participate. The INDU 100SMA is treading water for now, only the QQQ moving higher. Staying below SP 1295 INDU 12500 still looks bearish imo. A lot of Euro and US Econ news tomorrow morning before the Market opens so will expect the consolidation to continue overnight.
Definitely a time to see if TNX will lead the way or not.
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
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