U.F.O.
DE/AD Q's still on a sell.
Edited by U.F.O., 17 August 2007 - 10:02 PM.
QQQQ Doji Today
Started by
U.F.O.
, Aug 17 2007 09:54 PM
3 replies to this topic
#1
U.F.O.
-
- TT Patron+
- 5,605 posts
U.F.O.
Posted 17 August 2007 - 09:54 PM
Monstrous Doji today (signaling indecision) on QQQQ's. Until they break $47.125 on a closing basis higher, this is nothing more than a short cover bounce. (2 charts)
U.F.O.
DE/AD Q's still on a sell.
U.F.O.
DE/AD Q's still on a sell.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#2
U.F.O.
-
- TT Patron+
- 5,605 posts
U.F.O.
Posted 17 August 2007 - 10:08 PM
Ichimoku. All 3 leading spans have broken below cloud cover. (major support) (1 chart)
U.F.O.
U.F.O.
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~
~Benjamin Franklin~
#3
Sentient Being
-
- Traders-Talk User
- 4,262 posts
Member
Posted 17 August 2007 - 11:11 PM
I noticed SPY was above the 200 day EMA but still below the 200 day or right at it SMA.
Seems to me that the S&P is right on the line, as others have noted. Buy above be out below sort of thing.
In the end we retain from our studies only that which we practically apply.
~ Johann Wolfgang Von Goethe ~
~ Johann Wolfgang Von Goethe ~
#4
slupert
-
- Traders-Talk User
- 2,804 posts
Member
Posted 18 August 2007 - 04:16 AM
Monstrous Doji today (signaling indecision) on QQQQ's. Until they break $47.125 on a closing basis higher, this is nothing more than a short cover bounce. (2 charts)
U.F.O.
DE/AD Q's still on a sell.
I usually pay attention to dojis, but elect not to this time and will give the market the benefit of the doubt. After all, anybody that would buy a Friday mega-gap up in this market would have to be out of their gourd.
