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Alsi Support Broken??

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venice
Super Contributor
If we get below 21100 on the futures there is a good chance we will close thegap from the first is going to be closed. Its going to be a hell of a short if it does.
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4 REPLIES 4
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Hope this is not a silly question, if the futures for ALSI ( I assume june09) say 21000 odd is that where the "future" is expected to be for the ALSI..so the market is possibly slowly heading south again?
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venice
Super Contributor
The market will test the 21100 which has provided considerable support till now it will probably bounce off it the first time i.e now ,but if the price action breaks 21100 (if the dow opens weak) 20600 is the next likely support level. Also Agl has broken support at 240 (double top)with an unfilled gap at 230 so my bets are short for now.
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saash
Super Contributor
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venice
Super Contributor
Me too but I need to be patient and not jump the gun (my usual ploy) and get killed.
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