Anybody Catch that 3 Minute High?

Market has to keep going higher... for Nasdaq today - it's all about escaping the suction of that 1/23 candle high 2320. Since prices can't be sustained at the highs, they have to try and create a "cushion". As I said earlier, you have minutes to get out at the highs now, not hours.

two points.

For Nasdaq to PROVE it can go higher, it must close over 2320.

To prove it can SUSTAIN the highs, it has to be able to hold the highs for more than minutes.

Edited by SemiBizz, 25 February 2008 - 10:52 AM.

I was a bit early on my SDS, small profit right not trying not to let it get away.

Lots of overlap and ascending wedge on SPX.

Market has to keep going higher... for Nasdaq today - it's all about escaping the suction of that 1/23 candle high 2320. Since prices can't be sustained at the highs, they have to try and create a "cushion". As I said earlier, you have minutes to get out at the highs now, not hours.

two points.

For Nasdaq to PROVE it can go higher, it must close over 2320.

To prove it can SUSTAIN the highs, it has to be able to hold the highs for more than minutes.

Those Bankers and CNBC better get a new rumor cooked up, the effect is wearing off on this one...

SDS exceeds the potential wave 1 low, no bear mkt in SDS (yet)

Market has to keep going higher... for Nasdaq today - it's all about escaping the suction of that 1/23 candle high 2320. Since prices can't be sustained at the highs, they have to try and create a "cushion". As I said earlier, you have minutes to get out at the highs now, not hours.

two points.

For Nasdaq to PROVE it can go higher, it must close over 2320.

To prove it can SUSTAIN the highs, it has to be able to hold the highs for more than minutes.

That 3 min high(10:30) I pointed out has held for the last 90 minutes and Nasdaq has retraced almost all of it's last leg up on the 3 min...

Fairly clean 5 minute waves up on SDS, not sticking around in it for long today,
going to a meeting hope I'm solvent when I get back.

Market has to keep going higher... for Nasdaq today - it's all about escaping the suction of that 1/23 candle high 2320. Since prices can't be sustained at the highs, they have to try and create a "cushion". As I said earlier, you have minutes to get out at the highs now, not hours.

two points.

For Nasdaq to PROVE it can go higher, it must close over 2320.

To prove it can SUSTAIN the highs, it has to be able to hold the highs for more than minutes.

just made another 3 min volume spike high there 13:06 at 2311.00, now it's got to break that and hold it. We expect test. We have 22 pt legs going here, if 2311 is not taken out 2289 comes.

Edited by SemiBizz, 25 February 2008 - 01:20 PM.

Then after the spring off 2291.. at 2289 target we should get a small leg back to 2300, before 2278 comes... I reloaded my QID today on that first little 3 min volume spike high this morning.

trailing stop hit 51.75... have to reload again in a bit.

Another spike, another 3 min to exit... Bottom line, has to close over 2320 to prove it can go higher.