Thursday, October 25, 2012

DJIA an Nasdaq 100

On Thu 25-Oct-2012

Nasdaq 100

I feel so like entering long... but not yet.
clue within 30 minutes chart

Trend: bearish, with momentum, strong.
approaching support 2660 but I think should trade lower soon.

2nd clue, 4 hr chart:

may be it still need a little bit of time before we accumulate enough power to reverse.

Lets spot a strong support level from daily chart:

2640 pts, Thursday (today).


bearish, consolidation, challenging lower.
likely to hit 13050 and test below 13000 soon.

However, I don't suggest trading long unless we see rejection around 12950.
Those prefer going short, park short order near 13150-177 pts, TG 13000 (less favour).


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