Thursday, October 18, 2012

Trade Guideline For Friday

Nasdaq tank after the Google news triggering likely wave 3 down from day high. If so, expected a lower low wave 5 before rallying back up. If not, look for NQ to rally up to resistance, 2765 then 2770

Key Level for Friday is around 2746 area.
-- Below 2746 implies the next leg down is wave 5, with support at 2717 then 2707.
-- Above 2746 is bullish, target 2752, then 2765