Monday, January 24, 2005

Sleeping beauty!

After close analysis:

Didn't trade in the afternoon, was tired. Nice 6b0 setup in afternoon.

Market breadth was -ve. Vold, Add, Addq were in a tight range till 2:30 when they broke down. Should be noted that Add and Addq opened at the low of previous session and all internals were still in a -ve xover from last session. Vold closed at low @ -595.

Futures followed market breadth. AB, NQ & ES were below ema, with a minor retracement around 2pm. AB had 1 6bo setup @2:30 with mfe of 25tix and 2bo continuation of 12tix. Total range for AB 11.5pts.

Indices Dow, SOX, SMH all stayed below ema.

Overall neutral day!

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