DOW E-mini trading 18th January 2008
US markets broke weekly Support yesterday and have headed down into Quarterly lows.
Around Quarterly lows is major support, and I expect support in US markets to form around these levels (shown in Weekly Report)
Trend guide has been the 5-day 50% level all week, and it should be used for Friday... don't short trade above the 5-day 50% level...
Intra-day support around the 5-day lows....
Posted by
Frank Dilernia