March 22, 2006: Mini TD

Many observations regarding this session:
- Dow did recover prior session downside action by following a V-dip pattern as mentioned in yesterday's post.
- Breadth was strong and a healthy bounce to the long side above pivots.
- AB 30min has an arc so I'm expecting a pullback.
- Naz is against resistance, this is the level to watch.
- Possible W pattern on Semis, and that requires symmetry so if it materializes some cnsld will be needed before going up.
- BKX (banks) had a higher low at the same time AB had dbl bottom resting on MA which was a very good setup on the long side.
- YM was a better trade on the long side since it was above its ema.