Dear Readers, today's limits.
Attantion O - OLD, N - NEW.
N QQQQ 46.06 - 46.45
N GLD 64.78 - 65.11
N USO 49.22 - 49.69
N ECA 60.44 - 61.51
N SPX 1504.16 - 1517.92
N TSX 13934.16 - 14067.87
Jim Taylor, JD said...
Bounce ENDS within 30 minutes.
Resistance:
DOW 13514.06 High 13516 hit earlier
NAZ 2562.89
NYSE 9887.5
S&P 1521 (39 squared)
N100 1892.25
Jim
5/25/2007 8:01 AM
We just rejected QQQQ at 46.46. This has a nice chance of holding up and could mark the end of the days rise.
Knocking on 46.46 again and this a turnaround time with an exhaustion bar, watch the failure to surpass this level cause another sell off. 13:28 PM
OK the grinding phase, will not happen, at least not today. The buy pressure depicted on our graph below turned out enough to cause the market to rise, most likely, for today. We will analyze over the weekend the current picture to see the clues for the future. Have a nice weekend everybody.
Good Trading
7 comments:
On a personal note, what a difference it has made by posting limits for SPX & TSX. Great move Boris.
danno
Dear Danno, If it helps you then it helps me. That is the same for all friends of this site for it is created for you and as long as I can do something without losing control we will do.
GOod Trading
Bounce ENDS within 30 minutes.
Resistance:
DOW 13514.06 High 13516 hit earlier
NAZ 2562.89
NYSE 9887.5
S&P 1521 (39 squared)
N100 1892.25
Jim
N SPX - 1517.92
N TSX - 14067.87
BINGO! superb!
Looks like lower lows next week to finish this cycle and another rally to follow.
danno
Dear Danno, I am little distracted today. Other things (: :). Good You are watching almost ACE hits on all indices.
NO all we have to do is "hold them"
Good Trading
Yes you're right - "if it holds"
I forget to add the caveats. I also forget to add IMHO.
danno
Low volume, last hour squeeze
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