Monthly Archives: January 2006

thursday update

SHORT TERM: Lots of transitions today. The market did it usual routine: a gap up opening, immediately sold off into 10:30 AM; then rallied to the high for the day at high noon; sold off again but finished the day … Continue reading

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thursday morning

SHORT TERM: Again the NDX gapped up at the open about 13 points from overnight buying in europa. And again sold off by 10:30 AM, but establishing a higher low than yesterday. As the Bond market continues to sell off, … Continue reading

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wednesday update

SHORT TERM: A gap up opening was met with selling in the NQ (NDX) futures for most of the day. By 3PM the ES (SPX) futures had made a new low for the correction, while the NQ now displays a quadruple bottom … Continue reading

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wednesday afternoon

SHORT TERM: Just a quick note. We have a triple bottom on the NQ hourly charts at 1680, and a potential completed correction from the highs with an irregular zigzag and elongated flat on the daily charts. Plus, positive divergences showing … Continue reading

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wednesday morning

SHORT TERM: Another gap up opening, thanks to the smart rally in europa today, was met with immediate selling in the NQ futures. Within 1/2 hour they had dropped 20 points, coming close to the previous low. Was this a … Continue reading

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