Sure, I understand. I wouldn't think of holding someone to an impossible standard of accuracy. If, as someone mentioned on your thread the other day, the high probability play is that the daily full stochastic cycles all the way to oversold, that 1380 NDX is definitely in play. I want to say that this is a headfake up in tech, but with the Dow making new highs, that's difficult to say.
Also, just sticking to the NDX, the green DI line on the daily, which I pointed out at the low yesterday as being in a region where a bounce was due, just crossed the red. The actual ADX reading, though, indicates that this cross is a corrective one. So, lot's of mixed signals. I think we might get a few hours or less of downside tomorrow, but the afternoon could easily reverse and resume an upside, although with op ex week coming up, we could head up and reverse again. I have no distinct preference and if we do get downside in the morning, I will probably just take profits and stand aside until there's more clarity. My only real call would be that we have to relieve some of the overbought conditions on the ST charts before we can move higher. We already made bearish crosses to the downside on the stochastics and, as I said, I think the last hour's candle is a doji.
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