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Strategies & Market Trends : Classic TA Workplace

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To: Henry J Costanzo who wrote (134099)	7/5/2006 12:07:31 PM
From: Moominoid	Read Replies (1) of 209892

SIers are into tech stocks and it had a futures contract and an ETF. Looking at this: stockcharts.com It is hard to be convinced that this is merely a 2 of 3 today and not the end of an ABC correction up from the mid-June low. My model (which models NDX) stopped out. I probably should have just reversed to short but went long for a daytrade about 20 QQQQ cents below that but think I will go short at the end of the day at this point. My forecasts are a bit ambiguous. One is negative and one positive :) But the positive one does use as current data and goes negative by Friday. The indicator I am modeling (not the one posted) should increase still today, so from that respect the model was correct for today LOL.

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