Hi Rainbow,
Yes, I am bearish because of too much bullish sentiment with unreasonable bubble makers hype.
The fact is Bulls are high on market forcasting... Mid day bounce, a wide range bounce to SPX making a moderate new high by a few points.
All Prudent Bears need to nullify "wide range" bounce to new high on SPX.
Hopefully Dr. B is not high on something.
Good trades
From: QQQQtrend Replying To : QQQQtrend (post 91631) Dec 12 2006 12:31PM
Title: Nullifying SPX Wide Range Bounce in Mid day
Nullifying SPX Wide Range Bounce in Mid day need to be done.
QQQQ is still on the afformentioned supports on previous post.
From: QQQQtrend Replying To : QQQQtrend (post 91629) Dec 12 2006 12:21PM
Title: re QQQQ 43.60 needs to be broken!
QQQQ 43.60 needs to be broken!
That is "THE SUPPORT" because it is up ma TL, duel formation support.
Breaking the 43.60 is the first step to a ST correction.
Also, the WIDE range bounce to new high on SPX HAS TO BE NULLIFIED to look for ST correction!
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From: QQQQtrend Replying To : QQQQtrend (post 91618) Dec 12 2006 12:18PM
Title: QQQQ 43.60 intra TL Support
QQQQ 43.60 intra TL Support needs to be broken. As of now, the LOD is intra up TL support in the "Diamond" on 60m and "Symmetrical Triangle" on Daily!!
AI
