I noticed a gap on the daily chart for QQQQ. It is 37.75 back on 8/15 and it just so happens that a 78% retracement of the upmove since July is 37.75. I wonder if it will get filled?
Do you believe in gaps?
Started by
skott
, Apr 04 2007 01:41 PM
7 replies to this topic
#2
golden
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Posted 04 April 2007 - 02:11 PM
I noticed a gap on the daily chart for QQQQ. It is 37.75 back on 8/15 and it just so happens that a 78% retracement of the upmove since July is 37.75.
I wonder if it will get filled?
Shortly.
"There is only one side of the market and it is not the bull side or the bear side, but the right side."
#3
Russ
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Posted 04 April 2007 - 02:29 PM
The gap on the vix at 13.20 just got filled. (5 min chart)
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#4
golden
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Posted 04 April 2007 - 03:01 PM
"There is only one side of the market and it is not the bull side or the bear side, but the right side."
#5
skott
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Posted 04 April 2007 - 03:13 PM
golden, are you my old buddie from ski?
#6
Russ
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Posted 04 April 2007 - 03:37 PM
Speaking of gaps, last Sept. has a doozy. Something is going to have to go very bad to drive it down there.
http://stockcharts.c...7859&r=7213.png[
GE is also looking weak...
http://stockcharts.c...4226&r=7808.png
quote name='golden' date='Apr 4 2007, 03:01 PM' post='280922']
This one will be the first to blink.
http://stockcharts.c...id=p66526560416
[/quote]
http://stockcharts.c...7859&r=7213.png[
GE is also looking weak...
http://stockcharts.c...4226&r=7808.png
quote name='golden' date='Apr 4 2007, 03:01 PM' post='280922']
This one will be the first to blink.
http://stockcharts.c...id=p66526560416
[/quote]
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#7
skott
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Posted 04 April 2007 - 05:29 PM
that is quite a head and shoulders pattern GE has going there. they sure lead on the way up I wonder if they will lead down? the market looks like it is building for a move up
#8
golden
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Posted 04 April 2007 - 05:51 PM
[quote name='Russ' date='Apr 4 2007, 01:37 PM' post='280932']
Speaking of gaps, last Sept. has a doozy. Something is going to have to go very bad to drive it down there.
http://stockcharts.c...7859&r=7213.png[
I am looking for that September gap to be filled soon, with a test of the 200 wk MA.
http://stockcharts.c...48409&r=918.png
Speaking of gaps, last Sept. has a doozy. Something is going to have to go very bad to drive it down there.
http://stockcharts.c...7859&r=7213.png[
I am looking for that September gap to be filled soon, with a test of the 200 wk MA.
http://stockcharts.c...48409&r=918.png
Edited by golden, 04 April 2007 - 05:58 PM.
"There is only one side of the market and it is not the bull side or the bear side, but the right side."
