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Strategies & Market Trends : Moomin Valley (formerly Troll-free Zone) -- Ignore unavailable to you. Want to Upgrade?


To: Moominoid who wrote (1650)8/30/2006 2:18:09 PM
From: venividivici  Read Replies (1) | Respond to of 2852
 
If today closes flat or down, the failed rally hypothesis will be strengthened.

I understand the meaning of 'down', but what about 'flat'? Are we flat now, at up 10 cents or so on the QQQQ or is that level of gain counter to the failed rally hypothesis? I also think that we're about to head back down to below 38, based on what I think is a flat developing off the 38.98 top, FWIW.