Posted by 17 June 2004

On the Brink

There’s lots of pressure on the NASDAQ this morning. It’s been non-stop selling so far today and the index now sits just a hair below the bottom of that symmetrical triangle and right smack on its 50-day moving average. Bite those nails…

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Comments

  1. Posted by muckdog on June 17, 2004 at 7:02 pm

    Just increased my longs today. Pedal to the metal.

  2. Posted by jason on June 18, 2004 at 1:27 am

    Michael, this is the moment I have been waiting for! Luckily it times well with how I Wanted to finish the week… On the sidelines. I expect something to happen to breakout or down soon and will hopefully have that Monday to play. I was hedge short a couple days back, but closed yesterday. Much too early!