Wednesday, April 27, 2011

Trade Guideline for Thursday

Another bearish dollar fueling another bullish day in the stock market. Market rally should continue as long as the US dollar weakness continues.

2400 is Line-in-the-Sand for Thursday.
  • As long as NQ pullback can stay above 2400, the rally will continue. 
  • However, a clear break below 2400 would imply a deeper pullback down to 2388, then 2375
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