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You could more simply break it down as an inverse head and shoulders and
say that it should break up. Of course I am not a great fan of this
formation, but it is there. Ira.
Clyde Lee wrote:
One thing
that bothers me a bit about this is shown on the attached. The
TICK is still within the confines of the Linear Regression linewhich
points to the upside. Clyde
<blockquote
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<div
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
profitok
To: realtraders@xxxxxxxxxxxxxxx
Sent: Monday, October 15, 2001 2:15
PM
Subject: Re: [RT] Mkt - QQQ diamond
I sure hope you are right about going down,,
as I took my longs out for BOTH ND and sp01z
now I am short qqq at 34 and 34.55
best regards
Ben
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