UPDATE 1039 ET Well we could make back partially the loss from the initial trade by covering near the bottom of the first 15 min range for the NQ futures. Hope for better luck tomorrow.

UPDATE 1017 We went short again at 1670.25.

UPDATE 1010 ET. The trade was stopped out at the opening 15 min range high...

20090910 0946 ET. We are short Dec NQ futures at 1666.75, on the break of the third candle low on the 5 min chart.

NQ daily chart

20090909 1020 NQ futures goes on to scale new highs. Although the target would be the Fib extension to lock in profits, this chart will complete the picture...

NQ daily chart

20090909 1000 ET. Could not see an entry today, but in hindsight the 3rd candle, which closed above the mid point of the opening 15 min range was a good long entry on NQ futures today...

NQ daily chart

20090908 1103. Just after 11 am, we are now flat, time stop. NQ futures reached as high as 1653.25 only.

NQ daily chart

UPDATE 1035 Longs in play, shooting for top of opening range 1654, after taking partials at 1651.

20090908 0948 ET. We are going to take longs at 1649, target 1651 above...

NQ daily chart