lygio or anyone re: QHourly??
Now how do we play this?? The Q's have taken a cliff dive. Will it V bottom or will we have a rally out then another fall creating the divergence, with the latter not completing till late tomorrow??
Consider this:
On the 10:30 hourly bar Schwab StreetSmart had an RSI5 at 1.72, Stoch %K at 2.44 and MACDh 12 at minus .10, which will not be tough to beat later with higher numbers. As for a lower price, Winfrees next support is about a fifty cent piece away and tomorrow is FRIDAY.
Even as irritated as I am and as irrational as I can be, I vote for the second because I suspect there is some panic here. No major institutional buying is going to step in front of this, other than a tepid testing. If I were a manager of a big house investment office I would send everyone home or to a long lunch so someone would not even accidently push a buy order. Anyway, anyone with some intra-day "panic indicator" information could probably help us here??
Thanks
kovu
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