Thursday, December 28, 2006

Buy Signal?

NDX stock futures ran up a lot overnight but are now retreating. NDX needs to be about +5 from the close to trigger a crossing of the moving average and a buy signal. It was +11 at around 6 am but now is back to +4.75. Think I will wait for the new housing number at 10am to make a decision whether to go long.

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