14 replies to this topic

[SemiBizz]

This is a masterpiece so far today... As you know, I track the Nasdaq - they managed to smack down Nasdaq and the Qs without ever turning the 3 minute trend down.,.. as in 5 consecutive red candles. We just had a chance to turn down and didn't that's twice today. Until I see that turn down, I can't get excited about having a position. So far it has all the indications of a fake-out move to the downside on lighter volume. If that changes we'll see it show up in the candle count.

Edited by SemiBizz, 22 June 2007 - 09:39 AM.

[SemiBizz]

Now we'll get a reading off a test of the lows..hopefully.

[OEXCHAOS]

Getting pretty close to my 1513ish...I don't think that we're there yet, however. Mark

[da_cheif]

im adding at the gap...1508.50

[SemiBizz]

Here's what kept me out of the short play today... it's that nasdaq/ndx-qqqq divergence courtesy of that semiconductor upgrade yesterday morning. Everything was in complete harmony until they started this crap on the open yesterday. That's OK, my system got me out in the first half hour yesterday too...



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