PM update:
A couple of high flyers, NVDA and RIMM, are holding techs back, in addition to 91 oil, of course. Everyone closed their gaps, except for ES. NQ resistance is 2200.50, once again. Should oil drop, we could see a closing rally. YM has clear reistance at 13810 and support at 13739.
VIX and VXN are due for a drop, but if the game is to hold VIX above 20, then this whipsaw could keep going. Pick your trades carefully and get out when you make a buck.
A couple of high flyers, NVDA and RIMM, are holding techs back, in addition to 91 oil, of course. Everyone closed their gaps, except for ES. NQ resistance is 2200.50, once again. Should oil drop, we could see a closing rally. YM has clear reistance at 13810 and support at 13739.
VIX and VXN are due for a drop, but if the game is to hold VIX above 20, then this whipsaw could keep going. Pick your trades carefully and get out when you make a buck.
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on Friday, October 26, 2007 at 10/26/2007 12:30:00 PM.
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