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Re: Fox13 post# 53094

Thursday, 06/19/2008 11:18:09 AM

Thursday, June 19, 2008 11:18:09 AM

Post# of 384976
Fox, do you think that's it for the day on the upside?

This is what I'm thinking, but could be wrong so let me know what you all think. The Daily shows that we are still in a downtrend. If you look at the 60min QID chart we are still in that uptrend channel and we also broke through to the upside of the symmetrical triangle. Finally looking at the 15min $NDX the descending triangle is still in play.

My bias is still down, until proven otherwise with a breakdown of both of those triangles.

Is this deja vu or what? Seems like we keep visiting that QQQQ ~48 pivot/level.

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