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NDX looking goooood. Long QLD


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#1 ogm

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Posted 30 August 2007 - 09:02 AM

Broke above yesterday's highs.

#2 eminimee

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Posted 30 August 2007 - 09:13 AM

ES has filled the gap..have to see what it wants...taking out yesterdays high now is definitely bullish......but the gap fill could also be a wave 2 high of a C wave down..fwiw

#3 ogm

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Posted 30 August 2007 - 09:17 AM

ES has filled the gap..have to see what it wants...taking out yesterdays high now is definitely bullish......but the gap fill could also be a wave 2 high of a C wave down..fwiw



Here is what I have.

Posted Image

#4 blustar

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Posted 30 August 2007 - 09:24 AM

One hour full stoch at 99+ on cubes. Very extreme and not following spx at all. Very strange!!!

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#5 NAV

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Posted 30 August 2007 - 09:38 AM

One hour full stoch at 99+ on cubes. Very extreme and not following spx at all. Very strange!!!


I agree. Very extreme and very weird. I guess we will know the answer in a couple of hours.

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#6 eminimee

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Posted 30 August 2007 - 09:39 AM

What we could find here is that NDX hasn't got the "armpit" on the inverted pattern....

..but watch the ratio...as I've said before...to borrow a phrase...Snort..

http://stockcharts.com/c-sc/sc?s=$NDX:$SPX&p=W&yr=10&mn=8&dy=0&i=p91542761957&a=114984972&r=6201.png

http://stockcharts.com/c-sc/sc?s=$NDX&p=60&yr=0&mn=3&dy=21&i=p42691636426&a=89602802&r=6631.png