Thursday, November 30, 2006

Yes! 44.25 has proven to be WALL

QQQQ has been rejected at 44.25.
Now 14:00 - 15:00 pm may be a bottom
instead of top.
Good Trading

4 comments:

James said...

Wasnt much of a welcome above 44.15. P/C volume ratios quite bearish last 2 days all the bulls on board?. JC

boris said...

Hi James, when you say
Put/Call Raios, do you mean
the intraday readings you follow
or the end of day readings?
Thanks

James said...

Hi Boris.... I watch intraday but the close has the weight. TRINQ and CCI divergence are also considered. Right now looks like a drubbing tommorrow, they still really want it up today. JC

boris said...

Thanks James,
As stated in todays chart comment.
Today is a very important day
and so far I have seen nothing to
convince me that market has it in
it's power to stage a strong move.
A wishy washy up move and/or meandering would make this market
even more volnurable in coming days. But I would have to crunch my
numbers tonight to "see" what is going on in belly of the beast.
Good Trading