Friday, December 01, 2006 9:02:42 PM
Qs Trendline support is visible as you also noted. It bounced off from the lower TL support as shown on the 60m chart with intra P.D.... not good for bearish bias.
We had good intra day volatility during this week as if this was option week.
Have you ever check this page? OEPM strat looks quite fundamental, but it works when use it appropriately.
http://www.trend-signals.com/MM/OEPMconcept.htm
Right now, QQQQ, SPY, DIA are all trading below pivot which is the close price of OE Friday which is favoring down-side momo. Of course this could change when it all climbs above it.
Don't agree on hyping up markets to SPX 1450 because it is just causing massive crisis as more bubbles are created. Do you have bull/bear bias?
Have a nice weekend,
Best Wishes
We had good intra day volatility during this week as if this was option week.
Have you ever check this page? OEPM strat looks quite fundamental, but it works when use it appropriately.
http://www.trend-signals.com/MM/OEPMconcept.htm
Right now, QQQQ, SPY, DIA are all trading below pivot which is the close price of OE Friday which is favoring down-side momo. Of course this could change when it all climbs above it.
Don't agree on hyping up markets to SPX 1450 because it is just causing massive crisis as more bubbles are created. Do you have bull/bear bias?
Have a nice weekend,
Best Wishes
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