When I see the NQs going full steam ahead with no red candles and no pauses, I start pulling the trigger. But today I was already in, so that's when I started pulling the sell trigger. If not, I would have been firing off market orders, because the way the futures, the nas and the complete reversal on the dow were looking. And the TICK! And then you get " a little "confirmation" along the way up as the NQs and the nas start taking out moving averages without a struggle. That's a big clue of strength to me...
There was a pullback around 3 where I thought we were going to get totally faked out though. I guess that will happen tomorrow, just when people feel a little safe buying. SLAM.
Study the NQ 5 minute chart...first they broke the 20EMA, and at the same time the ADX, MACD, stoch all gave buy signals on volume. At that point you could be pretty sure some short covering was coming to keep it moving, especially since it was end of day.
Just my opinion, but it's the opinion of someone who used to sit there and hesitate ALL THE TIME at times like that and REGULARLY missed rallies <ggggggg> And then I would buy on the way down, LOL. |
