NQ has moved 90 point from yesterday high to todays low. What a move ON that, i expect some sort of profit taking before close long...
thanks
Sorry what is the boundary case?
Lawrence We covered a couple points of the gap. Is 100% of the gap usually covered?
Long and leveraged commodities, loss hit 30%. Which was important, funds are ususally locked in for years, but a 30% loss allowed 100% redemption...
This is just a replay of the last 2 weeks, NQ pushing ES to the low 60`s. Doubt we break the 60 area. As for the NQ gap, we are down 23 points...
Not sure all of this means anything, since volume is still brutal. Easy to push this market around...
aug 4th close 1811.75 aug 5th low 1826.75 NQ gap
NQ is a 1000 pound weight around ES`s neck... Regal we hit a new daily low on es
where is the gap and from what date
NQ PA is very bearish right now. It is trying to form a bottom around the 40, 3 test so far since the open.
68 would be his bottom...
We need Apple/Rimm and Google to start moving, once that starts happening NQ will move up and ES will move quickly.
Factory orders better than expected
Lawrence Last week and the week before saw the same thing, NQ selling brought ES into the 60`s where it sat until the nq selling stopped...
While you learn I suggest you trade 1 QM, your training may be less expensive.... Look at the Charts, and try to understand the Price action...
Last time I looked when commodities prices go down so do the stocks associated with the commodities. Oil goes down, exxon goes down, gold goes...
out of the rest at 54[ QUOTE]Quote from gwac: 50% out at 54 stop raised to 47
ES volume is really low today....NQ not much better
50% out at 54 stop raised to 47
Separate names with a comma.