Monday, August 04, 2008

monday 11am update

Still flat line so no advances as of yet.

Could take till the 258 bar cycle @ 1pm

Or just the last 30 minutes from 30bars @ 3:30

The calls prices on qqqhr are really hanging tough @ $1.25 area ,but did hit a low of $1.15

Ndx did NOT quite challenge 1800 as yet but did hit 1805

Looks like Today will require an all day vigil
so what else is new? (G)

Jay

2 comments:

  1. Anonymous11:37 AM

    No need for intraday CIT's here. just follow your indicators. Positive dvergences forming now indicating a turn. Midway through 21 hour cycle. trend is still down however. Key resistence at 1265 and 1285.

    ReplyDelete
  2. Anonymous11:49 AM

    Bulls in big trouble now. the fact that we have turned down before July 23 highs coulfd get taken out is a really bad sign for the bulls.

    ReplyDelete