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Agree on the SPX bearish pattern.......
goes to show you, multiple charts needed for confirmation !!!
> -----Original Message-----
> From: cnedgo [mailto:cnedgo@xxxxxxxx]
> Sent: Friday, December 28, 2001 8:22 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: Re: [RT] QQQ - compression
>
>
>
> You guys are both right and building a bullish case. Note that SPX is
> also showing a flag pattern, but in this case it is bearish. Chart for
> the Qs at http://users.erols.com/cnedgo/data/qqq1226.gif and chart for
> SPX at http://users.erols.com/cnedgo/data/snp1226.gif.
>
> Ned
>
> --- In realtraders@xxxx, "M. Simms" <prosys@xxxx> wrote:
> > Actually, I see a somewhat elongated flag pattern.....
> > this usually indicates a continuation in the same direction as the
> pole.....
> > UP in this case.
> >
> >
> > > -----Original Message-----
> > > From: Gary Funck [mailto:gary@x...]
> > > Sent: Thursday, December 27, 2001 10:30 PM
> > > To: Realtraders@xxxxxxxxxxxx Com
> > > Subject: [RT] QQQ - compression
> > >
> > >
> > >
> > > QQQ tested resistance, and pulled back. Volatility continues to
> collapse
> > > ("never short a dull market?").
> > >
> > >
>
>
>
>
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