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Post# of 704041
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Re: Zeev Hed post# 394350

Monday, 05/23/2005 8:46:02 AM

Monday, May 23, 2005 8:46:02 AM

Post# of 704041
The QQQQ and SMH have been nearly straight up the last 17 trading days. DJI, SPY, and IWM pulled back and then rejoined the party during the last 5 days. So, according to Decision Point, we have participation, which is a bearish climax component, but not volume expansion, which we need to confirm it. The arrival of volume would give us essentially a blowoff top. Is that what you're expecting?

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