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Footquarters

05/19/08 5:33 PM

#50154 RE: GLENO34 #50152

Ravi said 1440







as I have said many times, never go against a NASA engineer, he will drop a satellite on that mega house you have..... I got in at 1440, he must have been using a slide rule as it went to 1440.24...LOL....woo hoo indicator has it's first breach in awhile, so with any strength tomorrow, it will go down. 1420 is the old key level to take out
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Fox13

05/20/08 12:43 AM

#50167 RE: GLENO34 #50152

Gleno, it looks like NDX is building just another zone of congestion. It is at the same level with 2 previous similar ones. Interestingly, in spite of the “help from above” THEY were unable to break above the channel, although there were many intended attempts to do it. Breaking out of this zone in any direction would be, for me, an indication for the path to follow. Until then, scalping inside it is possible but not very rewarding. No positions ON is prudent. However, tonight the Asians seem to indicate a clear desire to sell of this ”rally”.