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Re: FinancialAdvisor post# 7665

Monday, 05/09/2005 3:37:41 PM

Monday, May 09, 2005 3:37:41 PM

Post# of 25966
***QQQQ daily - LONGS TRIGGERED (false sign?) off of 35.95 (50 day SMA break)... RSI now positioned above 50, MACD & volume must still confirm however...

This might be seen as much as a "scalp" more then anything else due to the low trading volume today... especially since the MACD doesn't seem to want to come around...

In other words, FALSE TRIGGERS here on the intraday in the final 2 and a half hours... today is not a day of "trend trading" but a day of "scalping to win"... 3 cent scalps on the Q's for daytraders today it looks like...

Very pivotal point here, Watch MACD, could be a short or long in the last 20 minutes, Mother Market will hoppfully tip us off...




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