NDX looking goooood. Long QLD
Started by
ogm
, Aug 30 2007 09:02 AM
5 replies to this topic
#1
Posted 30 August 2007 - 09:02 AM
Broke above yesterday's highs.
#2
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
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.
#4
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!!!
#5
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.
#6
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=$NDX&p=60&yr=0&mn=3&dy=21&i=p42691636426&a=89602802&r=6631.png
..but watch the ratio...as I've said before...to borrow a phrase...Snort..
http://stockcharts.com/c-sc/sc?s=$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