the 1, 2 or 3 things that told you the SP500, Dow, Nasdaq would trend up today 8/8/08

If TA is voo-doo, i am a WITCH DOCTOR.

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Quote from Landis82:

SPX only.
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can you explain why you would look at the SPX as opposed to the ES, if you are trading the SPX?...hmmm...also, why look at NDX if trading NQ?
 
i woke up and the song playing in the radio was "OOOOOOOOOOOOHHHH I FEAAAAAALLL GOOOOD BAAANANANANNANAN"

and i knew it would be a dow 300 up day!!!!!!! okay!!!!!
 
Quote from increasenow:

can you explain why you would look at the SPX as opposed to the ES, if you are trading the SPX?...hmmm...also, why look at NDX if trading NQ?
More...

Quite simple.
The Cash SPX is absolute.
Much easier to chart over multi-month time frames rather than a futures contract which is subjected to declining premium over time and expiration every 3 months.
 
Definitely the dollar strength. Looked at FNM and other stuff and decided it didn't matter with dollar that strong.

Bought the open and let her ride.
 
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