Wednesday, October 11, 2006 9:19:13 PM
QQQQ - Wednesday's 5-Minute Chart....
The QQQQ rose to Wednesday's area of Gathering Resistance between $41.77 and $41.81 when it printed a high of $41.83. Resistance was found. The QQQQ pulled back to a subsequent low of $41.17.
Wednesday's 5-Minute Chart shows a "picture perfect" trade for those who ventured a short sale at Gathering Resistance.
By "picture perfect", I mean that a short sale ventured at Gathering Resistance gave traders little to no discomfort.
That's often how it is with a short ventured at Gathering Resistance or a purchase ventured at Gathering Resistance.
The QQQQ rose to Wednesday's area of Gathering Resistance between $41.77 and $41.81 when it printed a high of $41.83. Resistance was found. The QQQQ pulled back to a subsequent low of $41.17.
Wednesday's 5-Minute Chart shows a "picture perfect" trade for those who ventured a short sale at Gathering Resistance.
By "picture perfect", I mean that a short sale ventured at Gathering Resistance gave traders little to no discomfort.
That's often how it is with a short ventured at Gathering Resistance or a purchase ventured at Gathering Resistance.
Buy at Support
Sell at Resistance
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