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GLENO34

05/30/08 11:06 AM

#51061 RE: be #51059

be...I use a RSI set up with 3 different setting...Todays high was higher than yesterday, but my RSI set up did not confirm the higher price..In fact RSI was lower..So guess we see...but may not go back up???
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farooq

05/30/08 11:15 AM

#51065 RE: be #51059

Why not go long QLD if you think it can reach up to there?

I am long QLD as I posted.
RSI gave early sell and then CCI went below 100 then backed up so we are close to a trend change on 5 min chart.

Actually all are on sell now while I am writing, with stop at 50.12, I am talking about QQQQ. This is intra day signal.
I do not expect it to break 49.70 area.

QQQQ is projecting a target of 52.60 in next 4 weeks, IMOP.


Farooq