Wednesday, April 21, 2010

Bullish Bear for today at least

The ES and NQ (futures on S&P 500 and Nasdaq) are both bouncing upward off their daily Person Pivot.

Euro is in a falling wedge, which means it ought to bounce up, thus USD down, and US Equities up,

At least that is the theory on why I bought 1000 QLD today.   (double long Nasdaq ETF).

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Insightful and Useful Comment!