QQQQ S - R in premarket
#1
Posted 28 March 2007 - 08:24 AM
http://www.stockchar...09398&r=598.png
http://www.stockchar...77535&r=859.png
#2
Posted 28 March 2007 - 08:38 AM
Edited by hiker, 28 March 2007 - 08:47 AM.
#3
Posted 28 March 2007 - 09:17 AM
Yes, it has various S/R as you noted. I consider various S/R which I see on my setup; then decide which numbers to watch out for.
For far, market action is stable after the news. Of course, we had somewhat a good news from British/Iran.
USO looks to be heading to 55.
Best of luck with your trades
http://www.stockchar...87382&r=489.png
#4
Posted 28 March 2007 - 09:28 AM
#5
Posted 28 March 2007 - 09:39 AM
Near a fib level, too...Closing basis, 43.50 area has a lot of confluence....Premarket Qs - traded to 43.70 +/- which is the support as shown on the 60m chart. 43.35 is a critical support.
http://www.stockchar...09398&r=598.png
http://www.stockchar...77535&r=859.png
Edited by jmicou, 28 March 2007 - 09:40 AM.
#6
Posted 28 March 2007 - 09:54 AM
#7
Posted 28 March 2007 - 10:23 AM
Hi JM,
Yes, it bounced off from the support and market is selling off with light volumes during the last 4 trading days; so, it doesn't look so bearish, yet.
I anticipated the recent sell-off in low volumes.
Will see how it closes today.
Best of luck
Thanks! And you, too.
Given the current configurations, a retracement coupled with a sharp rise in bearishness could be bullish. One chart. Please ignore the mechanical signals. They have to be taken into context and they have slippage sometimes:
#8
Posted 28 March 2007 - 10:40 AM
Hi JM,
Yes, it bounced off from the support and market is selling off with light volumes during the last 4 trading days; so, it doesn't look so bearish, yet.
I anticipated the recent sell-off in low volumes.
Will see how it closes today.
Best of luck
Thanks! And you, too.
Given the current configurations, a retracement coupled with a sharp rise in bearishness could be bullish. One chart. Please ignore the mechanical signals. They have to be taken into context and they have slippage sometimes:
Thanks, Nice chart with the mechanical signals even though it is not perfected as you wish and as I can see that it is not refined one. Which trading platform is it from? I also use programmable trading platform which generates signals.
With regard to market actions, I did comment on the sentiment which you can also refer to on my trading web blog.
Market action today is critical.
Qs is trading at the critical support on intra day chart at the moment.
#9
Posted 28 March 2007 - 10:58 AM
#10
Posted 28 March 2007 - 11:09 AM