Monday, December 18, 2006


Ok, let's analyze this one. The sell pressure is rising, but not very extreme yet. Nevertheless QQQQ has been able to weaken even in the face of this "not extreme " pressure levels, what does that say to you. It takes very little to push QQQQ down, path of the least resistance is "DOWN". Wow, it took a while to say this. But please pay attention this is not a simple statement. If indeed QQQQ does not manage new high here it will swim with the conclusion above. And that is not a good news for markets. I lean towards this outcome and will look to short the market on the strength what say you.
Good Trading

2 comments:

boris said...

are we into the 3rd day of a 4 day advance I thought we could get into last Thursday. It looks like it... If that is the case then we should anticipate the top midday tomorrow.
Good Trading

boris said...

This is not inconsistant with what we say in the commentary of this posting. Meandering market could go for couple more days. That is what we usually expect after Sell pressure grows anyway.
GOod Trading