If you watch intraday market moves then you see as Nasdaq is trying go up. It is definitely much more stronger then Dow or SPX (S&P500). This relative strength is not new, Nasdaq leads markets for several weeks already.

My retail shorts have not triggered today, so I will wait for tomorrow. I moved out XLNX long setup as it broke from bull flag chart pattern down.

I still have 2/3 of my ETR long.

I will check if I will be able to find some good setups for tomorrow. But markets need correction . I am mostly in cash as I do not want to enter new long swing trades now.

This entry was posted on Wednesday, October 10th, 2007 at 10:34 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.