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).
DJIA
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).
Cheers
Ayumi
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