Very broad strength in the Nasdaq.
Real estate stuff is all bouncing hard.
So far looking very good, I wouldn't touch shorts here. This isn't over. I'll post the IWM 60 min chart. Shorting here is useless.
Nav, take a look at your charts, momentum reversed there. I don't know why you're trying to short it. You';ve been super bullish near the top, and now you're trying to short every uptick against your own charts.. why ?
Great A/D .. very borad advance
Started by
ogm
, Aug 08 2007 08:56 AM
1 reply to this topic
#2
arbman
-
- Traders-Talk User
- 19,504 posts
Quant
Posted 08 August 2007 - 09:25 AM
Yes, if the market can advance like this today, there is not much downside test needed. So far, it is aggressively trying to hold on to the opening advance, the broad sector and market cap line up is also very bullish. But some of the tech companies are not advancing with the broad market as much as I would like to see them.
The gap is turning into a prestine gap by holding up, then it should rally into the close...
