Wednesday 29 December 2010

NQ Moving higher

NQ is moving horizontally over the past week during xmas holiday season.
It has now reached bottom of upward channel formed over the past month.

I'm looking at the following zones. would long when price test 2229 region. With 2 cars, 1st target is 2237 and let 2nd car ride the wave.

With 3 points Stop and 7 points target. RR of 2.3.

Price gapped up on open and bounced off 2230 as anticipated. Didn't move as high as we like but good enough.