Friday, March 30, 2007 1:09:50 PM
HIGHER-Low Intraday Market Action - so far, so good:
The volatility created nice volume. Qs traded to anticipated lower range making higher low as shown on the 60m chart.
So far, I consider intra market action as expected, but of course, if I see selling into close, it is bearish.
But I anticipate, as noted before, bounce into close, making nice HIGHER-LOW as shown on 60m chart.
"Trade news on China".
I consider it as a positive development which I commented before that we need to do something about negative trade trend, i.e. trade deficit. Well, since the trade agreement can't be done by mutual consent, we need to take action... which is a positive note for LT US development while WS can make a point that it is not good for WS. Well, it may not for good for particular companies which do international trades, but is good for US workers. OK, this is also debatable, so, I will make this simple. In conclusion, I think that it is a good development. Hopefully, maybe we will have equal trades which are balanced, not trade deficit for us and trade surplus to them.
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CLOSE is really what does matter and SO FAR SO GOOD.
As shown on the Qs 60m chart, market made HIGHER/LOW which is expected.
Of course, CLOSE is important.
Bulls need to join
We now have nice volume. The drop created more volume inducing volatility.
The drop range was expected as I noted during premarket.
http://www.investorshub.com/boards/read_ms...age_id=18349306
All right.. Resistance Qs 43.87 R at 30m holding up.
PREMARKET COMMENT:
Qs resistance as shown on the 60m chart is around 44 and support at 43.50-43.30 +/- which were the supports yesterday to continue upside momentum. Market will react to 10am Eco #.
http://www.investorshub.com/boards/read_ms...age_id=18341441
The volatility created nice volume. Qs traded to anticipated lower range making higher low as shown on the 60m chart.
So far, I consider intra market action as expected, but of course, if I see selling into close, it is bearish.
But I anticipate, as noted before, bounce into close, making nice HIGHER-LOW as shown on 60m chart.
"Trade news on China".
I consider it as a positive development which I commented before that we need to do something about negative trade trend, i.e. trade deficit. Well, since the trade agreement can't be done by mutual consent, we need to take action... which is a positive note for LT US development while WS can make a point that it is not good for WS. Well, it may not for good for particular companies which do international trades, but is good for US workers. OK, this is also debatable, so, I will make this simple. In conclusion, I think that it is a good development. Hopefully, maybe we will have equal trades which are balanced, not trade deficit for us and trade surplus to them.
--------
CLOSE is really what does matter and SO FAR SO GOOD.
As shown on the Qs 60m chart, market made HIGHER/LOW which is expected.
Of course, CLOSE is important.
Bulls need to join
We now have nice volume. The drop created more volume inducing volatility.
The drop range was expected as I noted during premarket.
http://www.investorshub.com/boards/read_ms...age_id=18349306
All right.. Resistance Qs 43.87 R at 30m holding up.
PREMARKET COMMENT:
Qs resistance as shown on the 60m chart is around 44 and support at 43.50-43.30 +/- which were the supports yesterday to continue upside momentum. Market will react to 10am Eco #.
http://www.investorshub.com/boards/read_ms...age_id=18341441
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