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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Trader X who wrote (11361)2/5/2001 10:51:51 PM
From: Chris  Read Replies (3) | Respond to of 12039
 
my only worry as brook said is that the qqq 30 min is turning up with my momentum indicator but my DAILY momentum is clearly on sell.

what that means that the overall trend is acutually weakening and 30 min timeframe is showing a little bounce play for the next couple hours to a day.

This is the basic dilenma in TA, which timeframe to follow and what to do if 2 different timeframe have CONFLICTING signals.



To: Trader X who wrote (11361)2/5/2001 10:55:25 PM
From: Chris  Read Replies (1) | Respond to of 12039
 
i believe the gap we filled on qqq will act as resistance now..

this is one thing that i learned recently about gaps -- once filled - they will even act as resistance/support effect.

months ago, i would think that once the gap is filled, then the "gap" is forever gone. nope.

I will try to find a chart example if i can.


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