12 replies to this topic

[jmicou]

QID tested the low(54.10) from 2nd highest day of volume on vapor this morning and we have a bullish spring... Now turning to the QQQQ itself, on the intraday chart you can see the volume high made this morning. You can expect a retest of that high and correspondingly the QID low. Both of these signals are good strong signals. I'll be looking to re-enter my QID trade now on the retest of the 54.10 and today's 43.66 high when it comes on lighter volume...



http://bigcharts.mar...&mocktick=1.gif

43.66 on the Qs is like a magnet.

[SemiBizz]

QID is behaving nicely here... Just what you'd like to see to go long - lower volume test of the 3/1 low. If QID is going to 53.50, we're going to need to see a big pickup in volume. The earlier spring off the 54.10 test is good evidence that it wants to go higher. Of course on these Fed announcement days anything can happen, but the odds are good we're going to spring...

http://bigcharts.mar...&mocktick=1.gif

[SemiBizz]

If QID is going to 53.50, we're going to need to see a big pickup in volume.

HUGE VOLUME came in... in fact we may break the daily volume on low the way it looks...



So No safe entry at present.