All Entries Tagged With: "new lows"
Market Update Thursday 5/21/09 $QQQQ
The market fell short of our 950 SPY target and formed a lower high on the daily chart. I still believe we will end up breaking the March lows so just in case this starts the move I took a position in QID (Ultrashort QQQQ) today. The question will be whether the market can break [...]
Market Overview – July 11th, 2008
I want to point out something I brought up in the last post and may prove valuable this week. Notice the horizontal trendline around the 11,000 level in the Dow. This area acted as resistance in ’99-01 then again in ’04-05 before it was finally broken and provided some support in ’06. Given the the [...]






