reversal here?
#1
Posted 14 February 2007 - 01:40 PM
#2
Posted 14 February 2007 - 01:49 PM
With the Fed singing economy is fine while pumping liquidity like without tomorrow (see USD in big red), the bubble is only going to be bigger. Expect new highs near term.Pivots are Qs 44.40, then I believe gap fill, perhaps tomorrow. Momentum is waning nicely, and I believe this NDX 1800-1810 test I was expecting is about to fail.
I don't think it will hold at these levels for a long time like it did last time, mainly because of who the buyers were.
10 mins, break of Qs 44.50 may signal the start of reversal.
All BS ofcourse.
Edited by redfoliage2, 14 February 2007 - 01:51 PM.
#3
Posted 14 February 2007 - 01:55 PM
#4
Posted 14 February 2007 - 02:19 PM
#5
Posted 14 February 2007 - 03:03 PM
I was looking at a triangle resolving.. looks like its breaking to the upside.
No reversal today, it seems.
I think there will be another ramp up in the last hour according to this pull back to 3:00pm...
- kisa
#6
Posted 14 February 2007 - 03:08 PM
I was looking at a triangle resolving.. looks like its breaking to the upside.
No reversal today, it seems.
I think there will be another ramp up in the last hour according to this pull back to 3:00pm...
- kisa
I tend to agree.. momentum's slowed, but its turned into supporting price. Could be another thrust up tomorrow. That unfilled gap is scaring the crap out of bears at the moment.
#7
Posted 14 February 2007 - 03:34 PM