Recap What I wrote last week, “Expect wild sideway swings with bearish bias towards tagging B-2”. No significant selloff like Dow or ES, just downward push towards B-2. Yet, 5 days of selling, B-2 was refused and 2630 was good enough to create a strong short cover rally to challenge Y-1. Closed the week near midpoint and below Y-1.
Outlook See comments on Dow.
Looking for 2700 to be printed as long as NQ can hold B-0 as support.
The original OddBall System no longer performs since end of year 2001 (see OddBall System - An Update). Here is an attempt to improve the system.
The Issue
The original Oddball system ...
Lawrence's Comment
Recap
Topped out in the beginning of the week and flushed down to my target below. But it did not stop there. NQ gapped down and flushed down to Y-5. ...
Nasdaq 100 Oct 29 to Nov 02 Outlook
Lawrence’s Comment
What I wrote last week, “Expect wild sideway swings with bearish bias towards tagging B-2”. No significant selloff like Dow or ES, just downward push towards B-2. Yet, 5 days of selling, B-2 was refused and 2630 was good enough to create a strong short cover rally to challenge Y-1. Closed the week near midpoint and below Y-1.
Outlook
See comments on Dow.
Looking for 2700 to be printed as long as NQ can hold B-0 as support.
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