Replies to post #2991 on Short Term Trading Member Forum

[xe2dy]

The last three days had a reduction in QQQ volume on rising closing price. Wouldn't this be a red flag?

NASDAQ 100 Shares/Nasdaq 100 (QQQ)

Day.............Date.........Close.........Volume

Fri.......30-Jul-2004...34.8900....81540800
Thu.....29-Jul-2004...34.7800....99073400
Wed...28-Jul-2004...34.3800...155066208

[techcharter]

Frank: ED/TD


The NAZ looks a little stronger than the DOW. It could be a very quick rotation from Blue Chips to Techs. Wave D looks disproportional and should probably drop one day before wave E starts.

The DOW looks more and more like and ED. Wave D was today, a descending triangle. The wave D triangle looks disproportional compared to wave B, The late day rally could have ended in the after hours.

Getting close to a big market reversal.