Wednesday, March 08, 2006 6:11:44 PM
Market View S&P chart
S&P continues to stay above its trend line 1275, with support at 1250,
SMH h/s pattern
(1) we hug the lower bollinger to the bottom, (2) we do the bouncing ball to the bottom. My bounce target on smh is near mid-bollingers. final downside target $33
QQQQ
Thought we had an RSI-5 play forming, Price has managed to hit lower and mid-bollingers all in one day (is that a first?) no real comment on numbers since i have stopped trading it.
Sentiment; trendlines are breaking, use oscilators, SELL the rallies,
SPX
SMH
S&P continues to stay above its trend line 1275, with support at 1250,
SMH h/s pattern
(1) we hug the lower bollinger to the bottom, (2) we do the bouncing ball to the bottom. My bounce target on smh is near mid-bollingers. final downside target $33
QQQQ
Thought we had an RSI-5 play forming, Price has managed to hit lower and mid-bollingers all in one day (is that a first?) no real comment on numbers since i have stopped trading it.
Sentiment; trendlines are breaking, use oscilators, SELL the rallies,
SPX
SMH
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