No Direction
Posted on August 23rd, 2007 in Stock Market |
The market has no legs today. The volume was low in the major indices. I believe that we may see one more day of light up then turn down. Both the Dow and NASDAQ hit the EMA(9) but could not close above this.
In the next few sessions
- Dow will drop 300 points to test 12900
- NASDAQ will drop 100 points to test 2440
The trade
- Buy the [[QID]]
- Short [[AAPL]] at 130.50 down target is first 120 then 115


