Wednesday, August 5, 2009

Was the 1006 a pivotal number?????



Well we didn't attack the 78.6% level at 1010 today but we did tick that 61% 1006.50 on the futures, remember we only hit is cash yesterday.

AB=CD is @ 988.50 and I have a projection @ 984.25.

Today there was a easy trade of the broke of 1000 on the short side which would have netted at least 6 handles easily. We are getting alittle noise bleed here in the markets and Nasdaq under performing the last two days make be on pause on the long side.

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