Wednesday, February 23, 2011

20 ma daily was there, but divergence between ym, es and nq...


The 3 indexen didn't reach the 20 ma daily at the same time. This is always a difficult situation....
But there was a bounce of 20 points on nq and I took some longs at 1311.5 (20 ma daily) on es. Target is the declining 5 ma daily. The 20 ma daily on ym is still 100 points to go....

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