Friday, August 29, 2008

Key Levels

The NQ100 through yesterday had become a bit timid with the DELL announcement after the close adding to weakness. There is no price bottom without the NQ100 leading and holding key levels as the market tries to move away from lower consolidation. Last Friday's highs represents a key level to maintain. For the three animals we watch, the DJIA, SP500 spot and NQ100 spot, those prices would be ; 11632, 1294, and 1941.