2 replies to this topic

[SemiBizz]

Look at your charts, any and all of them...

What's going on here is we are testing that big "surge" from the Fed day 3/21. Nasdaq 2411(intraday) is at the bottom of the surge. Very compelling for a test. Actually it will be more bearish if it is not tested today because of the lighter volume, but if we come back on heavy volume and whack it it will be crushed... So standby for higher prices in either case... and keep that 2411 in mind now at all times



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

[SemiBizz]

This is what the boyz have in mind, they want to take you right back up to that flatline under the crash gap... 2455-60. Waypoints along the way, the 2425 from the 3 min breakdown candle. 2441, then 2451. So if we all of a sudden start moving higher, this is the map. Edit... we just hit 2424.97

Edited by SemiBizz, 28 March 2007 - 11:09 AM.

[SemiBizz]

Careful Bears, you may be getting set up here...



Note the 2425 area on this chart, that was the breakdown candle on volume(not shown here) at 10:30 this morning. On the retracement we banged it twice and then jumped the creek on volume and gap up. Now coming down it doesn't hold at all. That's called Ice on the way back 2425. When expected support does not materialize, you must be skeptical, very skeptical.



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