OK, the low got tested, now we have 3 push down plus volume surge, let's see how rebound goes, then we'd know if the low was in.
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SCALPER INTRADAY ONLY
I’m not giving back ANY money on a “little tiny” pullback, as soon as i get a [edit: buy cross]-ish signal i’m covering....but still not quite yet
Last edited by Al_Dente on Thu Nov 17, 2011 3:11 pm, edited 1 time in total.
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Probably not, look at the strong rebound in QQQ. It just broke an important resistance channel trend line, strong bull bars. Looks a bit like a diamond bottom? Seeing some big traders moving in too.
"The only way to get a real education in the market is to invest cash, track your trade, and study your mistakes"
Per my extensive post on Nov opex week - I can now confirm - we have an hourly buy signal!
BUT let me re-iterate that while it worked well in Jan and Oct of this year, ALL of the signals in 2008 – 2010 did not work well, as the ultimate bottom was either on the FRIDAY or the following Tuesday / Wednesday (aug 2010)
AND NOV Opex has not had a Thursday low of the week since some time before 1998!
Still, we are in the buyzone – that is for certain.
-D
got you, thanks.
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