Still remains down. 5-min trend has turned up on NQ, but the higher order ones from 30-min t0 120-min still remains decisively down. All of that could change in a heartbeat. But my indicators say that there's more drubbing to come on the downside.
I continue to hold the rest 50% of my NQ short from yesterday.
Path of least resistance....
Started by
NAV
, Jun 07 2007 09:08 AM
4 replies to this topic
#2
Russ
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Posted 07 June 2007 - 09:15 AM
60 minute looks like a bull flag forming, stochastics are getting pretty oversold, but it could go a little more down. On the latest vix rally to higher highs - es has not broken earlier lows. divergence.
"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/
#3
eminimee
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I don't care who's fur is flying...
Posted 07 June 2007 - 09:17 AM
My work and FF says we rocket once INDU cracks 13400 south by a few points....
#4
NAV
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Posted 07 June 2007 - 09:17 AM
Watch the NYSE A/D line. It's 28% Adv vs 68% decliners. MORE DRUBBING TO COME !!
Edited by NAV, 07 June 2007 - 09:18 AM.
#5
Cirrus
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Posted 07 June 2007 - 09:20 AM
A few more points on the SPX and then I think we get a little bounce.
