Wednesday trading at 2006-04-04 01:40:18
The Dow($INDU) and S&P($SPX) both went on to make new highs again today with the Nas($COMPQ) slightly lagging.I had to turn my attention to NEW today as volume was great in that stock.Looks like it actually came to life after it’s gap up this morning.I don’t have time today to post charts and trades,but let’s just say it was one of my better days in a while.Take a look at the charts and volume and it’s obvious why that was the stock of choice today.If you take a look at the 1 minute chart on NEW at about 12:34 there was a great setup off the 5 and 15 period moving averages for a long.If anyone has been following lately that’s the time frame I have been using for most trades along with those averages.Hope you all had a great day!
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