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Thursday, September 22, 2011
Trade Guideline for Friday (NQ)
As anticipated, market opened with a large gap-down on Thursday with NQ closing in the middle range 2179, and also the level I will use for my Line-in-the-Sand for Friday.
Above 2179 the shorts may cover. If so, NQ may rally up to 2220, On a sustained break above 2220, the next upside target is 2260.
Below 2190 the sell-off should resume, targeting 2150, then 2100