>> but it looks like there is a potential gap from $30 - $31.5, this is what I think may need to be closed,<<
I'm not sure how you figure there's a gap.
Today's gap was from 31 to 31.5 which we went back and closed
during the middle of the day. To be accurate, when I look at
my 1 day chart, the low for today was 31.125, so we didn't
go down that extra .125. From what I understand, that's no
biggie.
The area from $30 to $31 was covered yesterday in the last
1/2 hour or so. Short amount of time, but huge amount of
volume there.
So, are you thinking that we didn't hang around there long
enough?
>>but not sure if it will happen before or after a brief test
of $33.<<
I don't think we need to before testing $33. If we test $33 briefly,
I'd say, yes, we will go back through $30-$33.
>>I think COMS could breakout of $33 if and only if market breaks out of its range,<<
I agree with this. I think the Naz will be bullish next week
because of the rate cut. At this point, I don't think COMS will go
up faster than the Naz.
>>but my gut says it will take a little more time and we may be seeing an intermediate top next week.<<
maybe. If so, I hope I can spot this early so I can avoid riding
down 2 pts or more as I've done in the past<gg>. If we try to breakthrough, I will try my best to focus and see if COMS is just going through the motions, or if there is a serious change of
breaking through.
joe |
