AI
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Monday, January 09, 2006 1:52:04 PM
***MARKETS EXPLOSION CONTINUES, NOTICING SELLING "WALL" NOW THOUGH***
Using the QQQQ as a market proxy, I'm noticing the shorts, sellers, or bears, call them what you will attempting to gain traction at $42.92. This equates to roughly 11,019 on the Dow, and the Nasdaq at 2,322... even though I've got a long-standing fib target of 2,340 on the Nasdaq Composite, a whole 18 points higher, I felt the need to note the exhaustion present in the markets here shortly before 2 P.M. and the fact that the shorts are attempting to gain traction here. Watch closely...
Using the QQQQ as a market proxy, I'm noticing the shorts, sellers, or bears, call them what you will attempting to gain traction at $42.92. This equates to roughly 11,019 on the Dow, and the Nasdaq at 2,322... even though I've got a long-standing fib target of 2,340 on the Nasdaq Composite, a whole 18 points higher, I felt the need to note the exhaustion present in the markets here shortly before 2 P.M. and the fact that the shorts are attempting to gain traction here. Watch closely...
HI-HO SILVER !!!
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