Morning update:
Oil holds a bid as does gold. NQ is now making a new low. If bulls can't turn this one around soon, we should see the March lows for NDX at 1668.57. We're not there yet, but NQ must get back above 1690 and 1693.50 quickly. The VIX is climbing and AD Lines are very negative. Careful.
I have to step away for most of the day. As I mentioned earlier, I will not be trading this mess.
I will update after the close.
Oil holds a bid as does gold. NQ is now making a new low. If bulls can't turn this one around soon, we should see the March lows for NDX at 1668.57. We're not there yet, but NQ must get back above 1690 and 1693.50 quickly. The VIX is climbing and AD Lines are very negative. Careful.
I have to step away for most of the day. As I mentioned earlier, I will not be trading this mess.
I will update after the close.
This entry was posted
on Wednesday, September 17, 2008 at 9/17/2008 10:42:00 AM.
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