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Re: Beerworld post# 52070

Tuesday, 06/10/2008 12:57:24 AM

Tuesday, June 10, 2008 12:57:24 AM

Post# of 384987
Beer, yeah I see what you mean. I wonder if we will retest 50 again before the drop down? QQQQs did a triple top in December followed by a huge drop. I guess we'll find out what the boys want to do. We got OE coming up and FOMC meeting on 6/24-6/25.

Also, we broke down on the NDX uptrend line last friday, 6/6. (Uptrend line started in March 08.) So technically I should be shorting the bounces on NDX. SPX/DJX has been weak for some time, middle of May.

BTW - I bought some QLDs before the close ~15:45 this afternoon because it looked like an intraday bottom formed. I was hoping for a pop tomorrow and a retest of the broken trendline so I could get out. NSDQ100 Futures are down -9.75 as we speak so I may get spanked tomorrow.



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