<I don't understand how you want to be 120% long> Am I the only one? Frenchee, nice charts. The SAR looks like a buy signal (for those that buy into it). The NAMO looks like it can get to 50 before turning down. I look at the Bollinger Band, macd, obv, and sto (8,3,3 - I don't know why but I like it). My observation is NDX likes to hug the bands for a few days or more. Sto classic double hook is something I look for, it doesn't always show. Seasonality, both month end/start and November favors a boost from my seat. I would be bullish tomorrow except the "let's blow something up" fear and easy choice to cash in after a decent few days. That ramp $$$ should (my hope) find the NDX Monday with a vengence. What's the trend? people use different things, I like the 100dema (20 week), which is moving up and the price is above. I'm not excited about aggressive shorts (except a spot play) in this situation, and won't be excited about aggressive longs later in 2005 if Steve is right (100 ema will be caping the price & band).
A nice thing about the market is lots of ways to play it. I think money management is more important than bet selection. Shorts and longs can both "win" if they have different timeframes. If what you are doing is working for you, it shouldn't matter if I think the market will go up on Monday. This has been a great week and I'm due to be wrong. Just hope it's when I'm 20% in :)
GL Frenchee.
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