While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
The Following are the ORL weekly pattern breakdowns for the U.S. Indices and ETF's
QQQ...75.14
Nasd 100...3060 Pit...3055.50 all session
Spu's...1636.30 Pit...1631.50 all session
S?PX...1639.43?
Spy?.?..164.15?
R?ussell...101120
IWM?.?..100.59?
M?idcap 400...119280
MVV...101.14?
As of this missive the Spu's need back over 1638, and to close above this level for a short term low.?
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