A Light Day
and pace reflect the early themes of the day, as the Nasdaq’s daily
trend and resistance once again show us who’s boss for the moment. Given the
pace and lack of volatility, intraday opportunities have been on the lighter
side this morning and we’ll keep our eyes peeled for trend continuation or
reversal triggers. The current intraday lid is in the context of 13-minute
resistance until broken. All in all, a light day in terms of triggers and
opportunity.
Monday,
October 1, 2001 EDT
(1)
Approx. Equivalent QQQ Price
So far, this is
one of those days where one balances staying focused for opportunities with
reminding oneself that there are approximately 250 trading days in a year.
Good Trading!
P.S.
I’m pleased to announce that I’ll be hosting a two-day
QQQ trading learning forum immediately following TM2001 at the Venetian
Hotel and Resort on Oct. 7- 8, 2001. It seems like we’ve struck a pleasant nerve
with the Q column, and I look forward to sharing my thoughts and views in a live
forum highly conducive to learning and interaction, as well as simply meeting
many of you in person. So whether you trade the Qs or watermelon seeds, consider
extending your stay just a bit and we’ll combine some very intensive trading
discussions and some fun!