Dear Readers, As you can see the Buy Pressure disappeared again for QQQQ and it is totally neutral for SPX ( No chart today ). So, I do not see anything exciting coming for the bulls, but I do not get excited for bears either until this lack of buy pressure gets remedied by QQQQ sharp decline. GOLD has shown that indeed it wants to go for the highs by 13-15 Feb. I hope it does not change it's mind again. Energies as hoped before are tracing the GOLD tail ( or visa-versa ). EURO could finally start down today, as the options matured this morning. Good Trading
Friday, February 09, 2007
Nasdaq Has No Buy Pressure
Dear Readers, As you can see the Buy Pressure disappeared again for QQQQ and it is totally neutral for SPX ( No chart today ). So, I do not see anything exciting coming for the bulls, but I do not get excited for bears either until this lack of buy pressure gets remedied by QQQQ sharp decline. GOLD has shown that indeed it wants to go for the highs by 13-15 Feb. I hope it does not change it's mind again. Energies as hoped before are tracing the GOLD tail ( or visa-versa ). EURO could finally start down today, as the options matured this morning. Good Trading
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