Replies to post #12196 on Market Sense and Sentiment (MKTSS)

[bbgold]

Enjoy the Evening Everyone! :^)

[Bernard Ng]

Intel narrows first-quarter estimates... outlook is bad as expected by me, but not the others... I guess when I trade 2% of INTC's daily volume, I can say I know this stock well. After hours, it took at 4% dive.

[Bernard Ng]

IndexPulse TrendWatch for Friday

Overall Market:
Long Term: Short
Medium Term: Short
Short Term: Short

Time Frame and Trading Signals: as stated in iBox

Futures are red. FTSE is trading at LOD. TNX gapped down and trading at LOD. The whole scene is very very bearish, maximum fear. INTC's outlook is bad, plus Bush is going to war no matter what... even though my testing signal is calling to buy this gap down, I'm not sure if it will happen today. Let's put it this way, if I only follow the system, I will buy this gap down. Shorting every rally is recommended during this period, while going long is only good for a scalp.

Consumer Credit will come out at 3:00pm.

INDU's 5 day MACD support at -40, resistance at +30. Watch the action at MACD support, see if we can get a bounce. We might as well break the support today, -60 is a good reference point.

INDU should have a trading range between 7500 and 7700.
NDX should have a trading range between 950 and 980.
SPX should have a trading range between 800 and 820.
JMHO.