Blue Bar Low

Oct 6th, 2010

Today we had blue bars at the low on the TF. If we are short going into this signal we trail stop to the last bar to protect profits.

The bigger picture is still up and we did go through some key resistance levels yesterday. The ES and TF broke to new highs on this leg but the NQ did not. We are watching the NQ closely at this level. Even though we are extended in this leg the strength and pattern is still up and it is best to stay with the pattern until it is broken.

Happy Trading,

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