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Similar view for Nasdaq Composite, under distribution! End of day pops mean
very little.
bobr
----- Original Message -----
From: <H.Albizem@xxxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, May 25, 2001 12:33 PM
Subject: Re: [RT] some thoughts on NASDAQ today
> --- In realtraders@xxxx, H.Albizem@xxxx wrote:
> > --- In realtraders@xxxx, "Haytham Albizem" <H.Albizem@xxxx> wrote:
> >
> > 2:10 pm
> >
> > I am still favoring the trend up, there is nothing convincing so
> far
> > the trend to go down, yesterday when the trend reverse up on 5 min
> > around the end of the day I pointed an arrow where was the
> > confirmation for the change to trend up, that level was tested this
> > morning and we are above that level.
> >
> > 60 min nasdaq composite is forming triangle similar to the next leg
> > up.
> >
> > Also I don't see selling pressure, where is the sellers? I am any
> way
> > buyer with good risk/benefit ratio.
> >
> >
> > Haytham
>
> 3:33 pm
>
> I surrender :-)
>
> Haytham
>
>
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