Juicy Intraday Setups

  • March 1, 2002
  • Dave Floyd

Given that is
the end of the week and not a whole lot has changed,
today’s column will be brief, not due to laziness or apathy (the trading has
been great), but simply due to the fact that if you stay the course, you should
be fine. No adjustments currently. The trading range that the market is in is
offering multiple intraday setups, the juiciest being the short sales off the
intraday selloffs.

Have a great weekend and take full
advantage of the current trading environment, as we all know, the market has
been fickle, so as Jimmy Rogers says:  “If
you see a pile of money over in the corner, walk over and pick it up.”

Key Technical
Numbers: (futures)


S&Ps
Nasdaq
1134.9  1425-29 (key resistance)
1128 1409
1119-20 1394
1117 (key)    1374-76
1113 1364 (very key)
1104-06 (major confluence)  1342-44
1101 (20-day moving average)    1331
1090-92    1313-16
1085 1291
1073-75   1272 (critical support)

 

 

 

 

 

 

 

As always, feel free to send me
your comments and questions. See you in

TradersWire.


Dave