News Focus
News Focus
Followers 148
Posts 34814
Boards Moderated 3
Alias Born 06/16/2004

Re: FinancialAdvisor post# 7565

Monday, 05/09/2005 2:31:56 PM

Monday, May 09, 2005 2:31:56 PM

Post# of 25966
***QQQQ daily - Looks like they want to defend 35.92 here, we'll see where it bounces too cause I see some bearish divergence in the intraday, if this plays out a certain way, it cou;d potentially roll-over into the close, the volume is extremely weak today yet the Q's and indexes are green, this is bearish and adds credence to my roll-over speculation...

Also need to see that gap in the Composite that just occurred to get filled, then we'll see what a short looks like in the final hour...

Note in the MACD the lower highs, and how the Composite didn't confirm the higher RSI of the Q's... these are bearish divergences, but again, the most important bearish divergence yet today is the putrid volume coming in at 51 million as of this posting...





HI-HO SILVER !!!

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today