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I
assume that how it acts relitive to the red line is very important. It looks
like it may be tough resistance without as least a fair pullback/ consoladation.
It is also interesting that it has not approached the red line is some
time
<FONT face=Tahoma
size=2>-----Original Message-----From: BobR
[mailto:bobrabcd@xxxxxxxxxxxxx]Sent: Monday, October 15, 2001 5:13
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] Mkt -
QQQ diamond
That 15 minute diamond pattern is close to
expiring if symmetry is important, i.e would expire tomorrow. Taking
another view using the end of day NDX and 1/40th of the NDX, the center band
of these STARC bands is 1250.43/40 = 31.25....where the qqq diamond downward
projection is. The DOW had a diamond most of the summer and finally
fullfilled its downward projection on the 911 call.
bobr
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style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Ira Tunik
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx
Sent: Monday, October 15, 2001 1:58
PM
Subject: Re: [RT] Mkt - QQQ
diamond
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
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A href="mailto:profitok@xxxxxxxxxxxxx";
title=profitok@xxxxxxxxxxxxx>profitok
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>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
BenTo unsubscribe from this
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