3 replies to this topic

[hiker]

mark the top of this Nasdaq Comp price advance?

Edited by hiker, 05 April 2007 - 01:38 PM.

[SemiBizz]

Well, I'm not surprised of course we're up here. I think I forecast as much. I don't remember saying I thought 2471 would be the top. We're up here on a bearish upthrust. I would like to see 2471 print here and nibble some more QID. I was looking for 3 things to set this trade up. QID test high volume low 51.99 on lighter volume... check QQQQ to test 44.49 on lower volume.....check Nasdaq 2471 on lighter volume.... not there yet. Still have some SMH long.

Edited by SemiBizz, 05 April 2007 - 01:49 PM.

[SemiBizz]

It's in the blog Hiker...

Pretty clear their game plan is to close this right up at the crash gap for the weekend. Then we get to digest the employment report on Friday. Create a mystery and sell it. Something tells me Monday is going to be a monster of a gap and crap day... just a hunch.

Along with my QQQQ and bullish spring setups from earlier... So, no... no surprises here for mois.

[hiker]

thanks SB. have a great weekend!