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Terry,
You wrote:
"IMHO, speaking only to the NDX, the bears are quietly, slowly
being squeezed hard. Unless some serious exogenous (external)
event occurs they seem about to have their heads handed to
them. Anthrax news has not been even nearly strong enough to
stop this. 5 min NASDAQ adv/decl volume bars have been clearly
bullish for a couple weeks. "
I am not suggesting your conclusions are valid, invalid or
in-between. Just querying the logic leading up to
them.
I am probably misinterpreting or reading too much between the
lines. You appear to be using 5 minute data over two
weeks to predict more than two months ahead?
Based on your subsequent comments:
"But that's the beauty of day trading NDX futures. It means never
having to
care which way the market goes so long as it moves 8-)."
Maybe it is just a case of 'forecasting-itis' - don't trade it, but
can't stop doing it.
Please clarify.
Trading with good feelings, Ric.
www.traderscalm.com
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