Wednesday, December 06, 2006

NASDAQ Technical Picture - More of the Same NR Chop

Yesterday and today were NR days with lots of fakeouts and failures. I'm cautious about trading just one timeframe under these circumstances, so I'm keeping a wide range view of the 60 minute timeframe as well as the 15 minute on my screen at all times.

Today was a mixed bag for tech with no big winners or losers. Expect more of the same chop until Friday's jobs data. Initial Claims tomorrow at 8:30.

2 comments:

Kevin said...

I added your blog link to mine.. It's nice to see another technician who uses the same things I look at..

Kevin

http://kevinsmarketblog.blogspot.com

Jamie said...

Thanks Kevin, I'll check it out this weekend.