BluelightNewsletter

Disclaimer: My personnal opinion is for your entertainment only & should not be used as advice on your decision. I may sell or buy (to cover) my holding according to the market movement. I am not a licensed financial advisor. Please always do your own DD. Set protective stops & not be too greedy. You are responsible for your own decision. I wish you good luck trading. -Blue

Wednesday, August 23, 2006

So far a monkey market for NAZ

NAZ has come back to its 2nd range: 2150-2100.
The old/1st range: 2100-2050 has been a support area.

Since many people are expecting a year-end rally, I think the downside of this market should be limited unless we're flashed to be in a recession. That's why I am mainly focusing on the bullish plays.

Note it's soon Labor day. People are coming back to market.