Posted by downtowntrader | 10/18/2005 12:23:00 AM | 1 comments »

I think the market tone has improved a little, however, this is still a very precarious environment. The Nasdaq and SP600 climbed back into their previous channels, however, there is still a lot of resistance overhead. Also, volume has been pathetic. I think we may see an up day tomorrow on the NAS due to the way it finished today. It was down all day and closed green with no real catalyst. Here are the charts I'm looking at. I have been daytrading mostly and will continue to cash in earlier then normal until the market either resumes it's downtrend (more likely), or breaks higher.


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