Replies to post #5442 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

10:30 reversal period market internals are somewhat more under pressure. COMPX is filling in the gap down from this morning. COMPX area to watch is 1,720. If we drop below 1,700, we will be shorting more tech stocks and looking for 1,680 for possible support. For DJI its 10,250 and the dow is still making lower lows but with LONG LOWER tails which suggest we might be in a temporary bottom here for the dow. A move above 10.260 would be a good sign of a potential reversal.

[jenna]

naz breakdown just as expected breaks as 1750 didn't hold. Will someone give us a movie that is unpredictable for a change :-) Next break should come at the 3:30 reversal period or at a failure to take out the 50/20 period moving average on the 5 or 15 minute chart.