9:55 - If you are looking for the turning point, we want to see the market sky on days like this, not retreat....
11:20 - first resistance pivot hits .... 2711 - let's see what they got. The magic # today is 2721.59
12:10 - Puky action today, we get over the 2711 barely and pullback. The boyz have this thing set to "climb a wall of worry" mode and that is not what we want to see. We want to see catapult the wall on light volume to the target...
http://bigcharts.mar...&mocktick=1.gif
Step One - XAU Divergence
We'd like to see Nasdaq move ahead to 2721.59 or better and keep the XAU constant or even further southbound. So far, so good....
Edited by SemiBizz, 16 July 2007 - 11:26 AM.