RED DIRT TRADER

This blog was designed as a place for me to store links that I find helpful. These posts are not investment advice. If you’re looking for advice call your GO BROKER. My belief is the person who cares most about my investments is ME. My hope is the readers of this blog find the sidebar links as useful sources of information while attempting to learn how to manage their own money. As for advice, my Dad gave me the best I’ve ever heard, “Never trust anyone else with your money or your woman.”

Friday, May 16, 2008

Fill the Gap

I'm watching this gap closely. If this Nasdaq100 Chart happened to be a nearby cotton chart every old- timer cotton trader eyes would be looking to see if the market closes above or below this gap and what kind of volume took place for that trading day. I know you are all saying the $NDX gaps all the time. Well, this one is more significant due to the fact this gap was left the day the $NDX closed below the "all important" 200 day sma. For those who looked at the cotton chart will swear, cotton is headed back to 87 cents.

Labels: commodities, Nasdaq 100, technical analysis

# posted by Chris @ 1:27 AM

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