April 19, 2006: Cnsld

As expected after a big runup day the market consolidated at the top of the range. No major surprises just predicted action. 2 quickies: one is the Dow consolidating above 11240 as mentioned yesterday; two is NQ's 'Whook' pattern with cnsld right on 1737!! Do these levels work or what? hehe... What am I expecting tomorrow? Well there's a dbl humper on Dow so that needs to be broken to upside but the move has been quite large so I'm expecting more cnsld.




This is where I spent the day trading. Gold has been on fire and I took the dbl humper setup. Ditto for the HS pattern on Euro. Last trade is the cnsld break on Notes - not the best of setups but worked out. I'm keeping it simple when it comes to those 3.