Thursday, April 1, 2010

Be careful

needless to say I got stopped out yet again. As I am watching this initially my feeling was that this was a failed breakout higher but take a look at this triangle.

While today looks like an amazing reversal day, especially with NQ, I am still concerned for more upside. I have been asking myself all week whether the price action we were seeing was corrective or if the market was tired to move lower and retrace.


  1. Hey Chris,

    Just wondering where the next support level would be.

  2. sorry for the late replies. Been watching the markets but have stayed out until today.