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NDX - Headed Lower


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#1 beta

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Posted 28 March 2008 - 11:53 AM

Bulls are not sitting pretty here -- note the kissback:

Im long QID.

http://stockcharts.com/c-sc/sc?s=$NDX&p=10&yr=0&mn=0&dy=10&i=p41435721056&a=120813319&r=3477.png

Edited by beta, 28 March 2008 - 11:54 AM.

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#2 SemiBizz

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Posted 28 March 2008 - 12:05 PM

I have QID also, but something to keep your eye on here is AAPL, still has a ticket to test 146.00 and it is not coming in today....Volume on Nasdaq is light, very light.
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#3 beta

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Posted 28 March 2008 - 12:08 PM

Same w/ GOOG. I've noticed that trading the last few days has been SLOW MOTION. What is going on ?? Is this a holiday week ? I wish they would speed up this thing ...
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#4 SemiBizz

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Posted 28 March 2008 - 12:11 PM

They are saving everything they have for Monday, I guess... 2271 Nasdaq Monthly must be defended.
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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#5 SemiBizz

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Posted 28 March 2008 - 12:27 PM

OK, if this is going to happen here it's going to be swift move down to 43.28 QQQQ taking QID over 51.00 If this event develops...I will be closing the trade due to low volume conditions...
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#6 beta

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Posted 28 March 2008 - 12:32 PM

OK, if this is going to happen here it's going to be swift move down to

43.28 QQQQ

taking QID over 51.00

If this event develops...I will be closing the trade due to low volume conditions...



Yes -- same set-up Im looking for s/t ...
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#7 TheArchitect

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Posted 28 March 2008 - 12:41 PM

OK, if this is going to happen here it's going to be swift move down to

43.28 QQQQ

taking QID over 51.00

If this event develops...I will be closing the trade due to low volume conditions...


swifter the better... i'm getting kinda sleepy...

#8 blustar

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Posted 28 March 2008 - 12:59 PM

Low volume pull back to me looks like lack of buying participation, which should be bullish late in the session Monday into early Wednesday and again from early Thursday into mid Friday.

Blessings,

 

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#9 SemiBizz

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Posted 28 March 2008 - 01:48 PM

Same w/ GOOG.

I've noticed that trading the last few days has been SLOW MOTION. What is going on ?? Is this a holiday week ?

I wish they would speed up this thing ...


So, keep GOOG in front of quote screen... we are at 438.00 "Death Dive" cliff point. Probably will be among the first to turn up if we are going to rally anytime in the last hour today...
Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#10 beta

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Posted 28 March 2008 - 01:53 PM

Same w/ GOOG.

I've noticed that trading the last few days has been SLOW MOTION. What is going on ?? Is this a holiday week ?

I wish they would speed up this thing ...


So, keep GOOG in front of quote screen... we are at 438.00 "Death Dive" cliff point. Probably will be among the first to turn up if we are going to rally anytime in the last hour today...



Right-O, Chief. I say they fill the top of the gap @ 437.5, and blast it up a couple dimes.

Might get squeezed up to 480-500, but LT what a NASTY chart !! :)
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