Tuesday, August 08, 2006 5:35:29 PM
The QQQQ presented traders on Tuesday with the volatility that customarily follows a 2:15pm interest rate announcement.
The following 5-Minute Chart shows what happened at 2:15pm...first up...then down into Tuesday's area of Gathering Support...then up...then down...and finally, up into the close:
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The following 5-Minute Chart shows what happened at 2:15pm...first up...then down into Tuesday's area of Gathering Support...then up...then down...and finally, up into the close:
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Buy at Support
Sell at Resistance
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