6 replies to this topic

[beta]

Entry @ 51.5x -- may be 1-2% early, but I like the odds here for a move back to the top of range (54-55) Still long golds, BHP puts. Looking to re-enter TSL around 45-46 early next week.

Edited by beta, 05 April 2007 - 03:03 PM.

[hiker]

note the QID downtrend line connecting the Jan 3 rd hi with the Feb 12th high yes, there are other t/l 's of relevance since Jan, but this is one of possible relevance when considering its usefullness to date you may also connect the 11/3 high with the 1/3 high

Edited by hiker, 05 April 2007 - 03:07 PM.

[SemiBizz]

Decided to wait til Monday to add. Signal is in place. All of them. QQQQ, Nasdaq bearish upthrusts. QID Bullish Spring. The reason I decided to wait though is that QID couldn't make it back inside that trading range above 51.99 at the close. I may end up paying more, but I'll sleep well tonight.

[hiker]

hard to argue that a QQQQ weekly close above 44.10 horizontal S/R does not indicate more of the same...unless a trader is blessed with a crystal ball.

QQQQ horizontals based on long-term chart -

45.12 unfilled bearish gap resides above current price, and below $45.12
44.10
43.60
43.16
42.76
42.18
41.76
41.41
40.92
40.40
39.82
39.38
38.76
38.36

note the PPO on the QQQQ weekly -

http://stockcharts.c...llery.html?qqqq

Edited by hiker, 05 April 2007 - 03:26 PM.

[beta]

Decided to wait til Monday to add. Signal is in place. All of them. QQQQ, Nasdaq bearish upthrusts. QID Bullish Spring. The reason I decided to wait though is that QID couldn't make it back inside that trading range above 51.99 at the close. I may end up paying more, but I'll sleep well tonight.

Yes. As Hiker notes, could get lower to 50's range, but overall risk is to the upside IMO.

Wishing you a QID Bullish Spring !

/beta

Edited by beta, 05 April 2007 - 03:19 PM.

[SemiBizz]

Yes, the bearish upthrust has possibilities of extending on the weekly all the way up to 45.50. But the evidence is stacking up against it, namely progressively lighter volume on the retracement. It's more likely we're making an extended C and moving down from here to the 41's the way I look at this.



Nasdaq agrees with that also:

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

Edited by SemiBizz, 05 April 2007 - 03:26 PM.

[J.Bilkins]

TSL favorite solar?