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Overhead Resistance. We Cracked


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#1 U.F.O.

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Posted 24 August 2007 - 09:38 PM

It's here. $48.44 on QQQQ. Do we fire out of the hole, or does "sub-prime" gravity wear out the ignition? (2 charts)

U.F.O.

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DE/AD Q's (breadth) are strong.
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#2 SandStorm

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Posted 25 August 2007 - 02:17 AM

The Fed seems to have the technology at the moment to escape the sub-prime supermassive blackhole. But . . . soon . . . nature will prevail. lol.

#3 bobalou

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Posted 25 August 2007 - 06:07 AM

two things happen fri.,the $ move,and short covering see me at T W

Edited by bobalou, 25 August 2007 - 06:09 AM.


#4 JAP

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Posted 25 August 2007 - 11:56 AM

The SPX is the stock market, and the 50 DMA will be the real test.