Premise Remains The Same
Light volume and pace
reflect the…whoops, that was yesterday’s column, although the
premise remains much the same, as we’ve had some light pre-FOMC buying which
topped us out just shy of 1190 on the NQs. We’ll have a better idea of the true
strength of the current 13-minute up-trend post-2:15 p.m. ET, at which time I
expect volatility to increase. Daily resistance remains at 1238 until proven
otherwise, as does the psychological level of 1200 preceding it.
Tuesday October 2,
2001 12:00 PM EDT
Approx. Equivalent QQQ Price
Please note that
I’ll be taking a three-day column break after tomorrow so I can attend and focus
on TM2001 and Monday’s QQQ seminar. The initial response to the QQQ seminar has
been fantastic, and I’ll do everything I can to exceed your expectations. For
those folks not able to attend who have also asked me about the expected quality
of the video, I’ve purposely focused on structuring the approximate 100 slides
and charts for strong readability via video. Among the topics I’ll be covering
are QQQ basics, chart specifics, various profitable trading styles including
both swinging and scalping, profitable entries and exits, effective order-entry
techniques, trade psychology, plus
my favorite setups and personal screen prints.
I look forward to seeing many of you there.