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Friday, October 31, 2008

Stock price prediction: NDX qqqq NQ Trading (october 31, 2008)

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It is now about 11:30AM on Friday 31, 2008. NDX is now at the critical point we discussed yesterday. It may not be able to break the 1340 level. Therefore we are starting to scale in on short side (but we are prepared in the case of a break out). If it breaks out, and goes to 1375, that would be an excellent point to short it as we discussed yesterday. But since it may not break the 1340 level, let us start scaling in with half normal size.

10:31AM: with NDX at 1340, we are starting to scale in on SHORT side of NDX. The full position will be half normal size. If market goes to 1375, then we may add the second half.


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