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Thursday, February 24, 2011

2/24 11:15

DJ futures bottomed overnight at 12,004 and the 5 down should be considered complete unless this is taken out.  Round-number support should hold for a decent  bounce and my chance to pounce..

This morning ES futures hit their 30-minute M/A. 

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2 comments:

  1. AnonymousFebruary 24, 2011 at 9:27 AM

    Steve,

    We you say pounce you mean short? If I1 is rising, how do you handle this with the global conflict and possible US government shut down with the debt ceiling debate?

    Mark S

    ReplyDelete
  2. SteveKotelesFebruary 24, 2011 at 10:09 AM

    I have a lull in I1 until 3/4. The break of DJI 5-min, 370-unit critical support M/A means my next position will be a short.

    ReplyDelete