8.24.2006

PRE MARKET CHARTS


Checking the NAZ 100 chart a few things to ponder; one, a gap remains at the 1535 area which will probably be filled only question is when; a bust through the 90 day SMA at 1575 also seems likely as it has been repelled a few time already and the more times it hits the more likely that it will make it past.

So depending on your directional thoughts a long with a stop just under the gap may make sense as would a short with a stop a bit above the 90 day SMA.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home