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12-21-2006, 08:51 AM
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Key #'s for YM on December 21
What I'm seeing here is that 580 level...does NOT want to crack it. NQ's are cracking, ER is starting to crack...I'd be cautious on the long side right now. We're sitting pretty well in value of the last week, with the exception of Tuesday. We have a naked POC from that day at 508, which also is the low of the 15th.
Levels to pay attention to: 580 535 510-500 We've also got VAH at 570 as well as R1. This will be a tough nut to crack with those pivots converging there. VAL is at the pivot point. 20 point value range...sitting at VAL currently...could be an interesting day. 
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12-21-2006, 08:55 AM
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Re: Key #'s for YM on December 21
Im definitely looking at 580 and 530ish level. Premarket hardly reacted to the economic numbers that came out.
I'll be applying rangebound strategies until we break above 580 or even 600 to be safe.
__________________
James Lee Email: JamesLee@traderslaborator y.com Skype: james.lee03 TradersLaboratory.com
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