Morning update:
We hold the bounce off NQ 1693.50, essentially a double bottom, but now we deal with that 1714 level of resistance, which is coinciding with ES 1200 and QQQQ 42.
ES 1196, Monday's close , is an important level. If bonds stay down here, bulls should try and hold it.
We await oil inventories.
Gold is an a tear, back above 800. See Monday's commentary: link.
We hold the bounce off NQ 1693.50, essentially a double bottom, but now we deal with that 1714 level of resistance, which is coinciding with ES 1200 and QQQQ 42.
ES 1196, Monday's close , is an important level. If bonds stay down here, bulls should try and hold it.
We await oil inventories.
Gold is an a tear, back above 800. See Monday's commentary: link.
This entry was posted
on Wednesday, September 17, 2008 at 9/17/2008 09:55:00 AM.
You can skip to the end and leave a response.
9/17/08 5:50 PMDid take a small out of the money call position on Gold based on your hint which complemented nicely my own analysis... Happy camper :=)
» Post a Comment