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Strategies & Market Trends : Classic TA Workplace
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To: JRI who wrote (44731)7/8/2002 4:01:18 PM
From: AllansAlias  Read Replies (3) of 209892
 
I'm torn. QQV being up 10% today and a fairly high p/c all day tells me there is skepticism.

1) The down this afternoon was .62 or so of this morning's down, so it may well be all we get for the 'c'.

2) NDX refused to close back inside the long, steep channel out of the May high. It finally broken out last week and a close much lower would have smelled like a failure.

I think tomorrow will be one of those days when one can buy the direction of the gap.
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