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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (40834)6/11/2009 5:51:16 PM
From: robert b furman  Read Replies (1) | Respond to of 208221
 
Hi Kirk,

Thanks.

Hard to ever know for sure,but a market where more and more indexes are achieving Golden Crosses as the indexes go literally sideways has IMO a bullish twist/bias to it.

One very important chart I've been keeeping one eye on is the QQQQ's.

Today thet hung just below 37 all morning - then popped over and closed below 37.00 ( second day this week).

If/when we get an explosive gap up on the QQQQ's over 37.00,get long for a trade that could well build into a big winner if you let it run.

stockcharts.com

three to five days of quiet consolidation = building a head of steam!!!

Bob