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happy2

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In reply to: ausonic on Tuesday 21/03/06 11:58pm

Wait until at least PPI data in half an hours time.

 

I feel best bet is to short DOW at 11300 for a quickie tonight, you may be able to profit around 11200.

 

RSI at 70 for the DOW last night, so not much upside left IMO short term.

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In reply to: ausonic on Wednesday 22/03/06 12:14am

Yes I always do, once my order is filled, I automatically set a profit target at 11200, whenever that will happen.

 

But will it get there tonight, that's the question.

 

Anyway I expect DOW to touch 11200 in this small counter trend.

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In reply to: ausonic on Wednesday 22/03/06 12:28am

If the PPI data is favourable you may get some volatility.

 

Still need a consolidation for the DOW, that's for sure, RSI has overheated. Watch the 4 hour chart is the only concern, there may be some more upside.

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In reply to: mrkeen on Tuesday 21/03/06 11:42pm

wellcome mrkeen.

the number is mix bag so it will do nothing to the market. market likely to pull back a little because FED gonna keep raise rate and market has been up allmost every day last week so there might be some profit taking tonight.

 

how long you have been trade index?

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