Nasdaq above 1072

Discussion in 'Trading' started by Brandonf, Dec 4, 2002.

  1. Brandonf

    Brandonf Sponsor

    Have been watching for the NQ to break above 1072 all day. Flip flop this morning, but the market could never go limit down, and on the second test of lows. If we get over 1072, should give us a nice pop to work with.

    Brandon
     
  2. Brandonf

    Brandonf Sponsor

    Above 68 proved to be the true point, but I had to get up and stretch as things slowed down, so I just had the order in at 72. Whenever things get so slow and boring like that, its time to be ready for a pop. Its almost like the market can tell the amatures are done, then it moves. You could see this in the pace and in the ADX (15 minute was nearly 10), showing a low trending type enviorment. Anyway, ended up with a nice day getting out at 79.5 and 78. Hope some of you got it.

    Brandon