3 replies to this topic

[NAV]

Time for me to shut up, i guess. LOL, i am posting more today than dcengr did !

If NQ breaks that trendline around 1914 area, those who are dreaming of catching the bottom of what appears to a wedge pattern (on the 5-min charts) will be in for a rude surprise. Given the nasty A/D line today, the surprise should come on the downside, which is what i am betting on. Also that Full Stoch is not yet fully oversold, which implies that there's more work left on the downside.



Good luck everyone !

Edited by NAV, 06 June 2007 - 11:16 AM.

[denleo]

Keep posting NAV. I love your analysis. And you are not dcengr. Nice trading!!! Denleo

[thespookyone]

I agree, and-nice chart, NAV!

[NAV]

I think the dip buyers will be active until ES 1517.50 and NQ 1914 holds and probably will be rewarded for trying. Once that level cracks, those NDX folks hiding in it's relative strength, will rush for exits faster the ES boys. ES 1517.5 and NQ 1914 remains the key pivots for today.

Edited by NAV, 06 June 2007 - 12:13 PM.