Monday, December 20, 2010
30-Minute NQ Chart
Today's early morning decline stopped right at the Equilibrium Level, just above wolf wave trend-line support, and hence a great opportunity to go long.
On Tuesday, I will be looking for s shorting opportunity on any gap-up that is not confirmed by internals, and a buying opportunity on any gap-down opening not confirmed by extreme bearish market internals.
On Tuesday, I will be looking for s shorting opportunity on any gap-up that is not confirmed by internals, and a buying opportunity on any gap-down opening not confirmed by extreme bearish market internals.