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TL Trader

08/02/06 4:53 PM

#22409 RE: uncle_chubbie #22406

You may be on to something...



All three of the ETF daily charts that I watch (Q's, DIA, SPY) are up in price today on declining and below average volume. As long as the NQ is below the 1500 area I'll be expecting at least some down side action tomorrow. Now how far down or for how long is IMO anyone's guess but then that's what trailing stops are for I suppose.