Watch the FED in the Morning about 10:30.. 27.75 bil of Temp FLOAT expires
tomorrow, if Spam don't add a bunch , we are going down
This sort of looked like an oversold rally today..& I was counting on it,
but all bets are off right now..I hedged my longs today..
( in effect I'm flat ) now to see what happens..
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This crap of closing on the highs and gapping down, then on the
lows and gapping up , go reverse, go reverse..go reverse
it's like a train getting about to leave the station..but this
train could go south instead of north.
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I say that because
out of every correction the SOXX leads going up..
finance.yahoo.com^QXV&t=1y&l=off&z=m&q=l&p=e50,e20&a=vm,fs,vm,r5&c=^soxx,^mid,^IXIC
Easier to see on the shorter term chart..
finance.yahoo.com^QXV&t=3m&l=off&z=m&q=l&p=e50,e20&a=vm,fs,vm,r5&c=^soxx,^mid,^IXIC
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AND You can see above we have had a correction
BUT LOOK AT THE FIVE DAY
finance.yahoo.com^QXV&t=5d&l=off&z=m&q=l&p=e50,e20&a=vm,fs,vm,r5&c=^soxx,^mid,^IXIC
The SOXX is not leading the up side..
o-shit
Jim
PS the ^QXV is the proxy for the QQQ..but ^QXV charts in real time during the day
and QQQ is delayed.
Take out all the comparisons and you in effect have real time QQQ. |
