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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Paul Shread who wrote (1974)3/5/2001 12:09:39 PM
From: adcpres  Read Replies (1) | Respond to of 52237
 
Paul: The Naz Tick has been forming a negative wedge today. Do you attach any significance to patterns forming on the tick? Just started watching it and have no history. GH



To: Paul Shread who wrote (1974)3/5/2001 12:14:33 PM
From: Lee Lichterman III  Respond to of 52237
 
Short term ( half hour ) not looking good with a bearish wedge (EDIT - Should have said flag, not wedge) on the intra day tick chart and volume really dropping off hard on the QQQ chart. We may drop another 1/2 point or more on the QQQ here soon if volume doesn't pick up.

Market today is like watching paint dry so I am shutting down and go make my hole bigger in the back yard. That should cause a big move. <g>

Good Luck,

Lee



To: Paul Shread who wrote (1974)3/5/2001 1:38:15 PM
From: JRI  Read Replies (2) | Respond to of 52237
 
Paul, volume really light...can we really read to much into this action today...?

Someone on the CLOWN thread made a good point....on such a light volume day/easier for big houses to goose things, distibute, and get back short at higher level...

Just a thought...