Posted Yesterday:
we tested the high of the last day of volume today at 2612 and gave it up. Let's face it we went up 64 pts off yesterday's low without much of a consolidation. I think that's the best way to interpret this. I suspect the way we held on to 2587-92 yesterday that we could zip in there quick on light volume to prove the same point we proved yesterday at 2560.. namely only LIGHT volume selling pressure. And if they can't bust them down then they are going to push them higher...
http://www.traders-t...?...st&p=296896
We are going to have a series of gap up openings in the next two weeks. Another Bear Trap was set today and we won't see these lows(2590) now for awhile..
Edited by SemiBizz, 29 June 2007 - 05:26 PM.