PM udpate:
Thr turnaround ran into some trouble once we got past the 1Pm turn noise. It will be important for bulls to hold on to initial overnight lows (prior to data) at 1760.25 for NQ. Bonds are still negative as is the VIX. It seems a bid in oil off 105, now at 106.30, sparked some selling. Let's see if this was just a false alarm. As long as NDX can close the day above the July lows, bulls can have some hope for Monday.
ER 711 keeps on being a fulcrum.
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on Friday, September 05, 2008 at 9/05/2008 01:50:00 PM.
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