Monday, January 3, 2011

1/3 10:15

I trade the NQ because I can afford to hold single-contract position without a stop.  This was a way to enter the market in the Sunday session and I don't have a stop.  The burst over the weekend is consistent with behavior when I1 top falls on a Friday.  Composite is just now hitting 2700 which is my resistance level and count extension looks fulfilled.  Still looking to SP futures 15-minute M/A to guide getting into short ETFs.

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