Edited by xD&Cox, 24 January 2007 - 11:01 AM.
watch Nasdaq McSum zero test
Started by
A-ha
, Jan 24 2007 10:59 AM
2 replies to this topic
#1
A-ha
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Posted 24 January 2007 - 10:59 AM
we are likely in an IT decline... test of McSum zero will likely be another gift to short....
NYSE is not important in this regard... Naz and SOX are leading on the downside
#2
dcengr
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Posted 24 January 2007 - 11:05 AM
In order for Nasdaq to test its mcsum zero point, Qs would have to hit somewhere around 45+, I think.
Qui custodiet ipsos custodes?
#3
A-ha
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Posted 24 January 2007 - 11:10 AM
I dont think so... NDX printed a fake out on 4 year weekly channel I posted on my blog...
That fake out will never be visited in the near future.
The best it can do is a lower high maybe touch of 45 barely...
But I am more interested in SPX... I am gonna short the life out of it when I get around to it.
Edited by xD&Cox, 24 January 2007 - 11:12 AM.
