This is the start day of the I1 down cycle. A late burst of strength indicated more in the Sunday session so I held off shorting until then.
Monday, January 3, 2011
1/3 pre-open
I shorted NQ futures at 2228.75. I'll use SP futures 15-minute, 98-unit M/A - 3 points to add via ETFs. It's the green line:
I'm long dollar futures and short gold futures. I have a small ZSL short silver 1%.
This is the start day of the I1 down cycle. A late burst of strength indicated more in the Sunday session so I held off shorting until then.
This is the start day of the I1 down cycle. A late burst of strength indicated more in the Sunday session so I held off shorting until then.
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NQ
ReplyDeleteRectangle Top.
http://99ercharts.blogspot.com/2011/01/nq.html
market is back in freight train mode. Do you have a stop for your NQ short?
ReplyDeleteI had a small QID position I carried over the weekend sold part before the open, the rest a couple minutes ago (probably at the low of the day :-)