Matt or Steve,

    Would one of you comment on the action in $NDX and QLD please?  Healthy retracement?  Chop? Is QLD breaking out of the downchannel or potential bear flagging?  Where would you put a stop on QLD?  I kept it pretty wide this AM and used 1800 NDX as the mental stop.  I heard Matt's comments on QID and poss rev H & S setup and was curious your current thought since QLD "triggered".  Thanks.  Jeff

    stoliboli - here's a chart of

    Posted by matt on 1st of Aug 2008 at 01:09 pm
    stoliboli - here's a chart of the QQQQ's 60 min chart, watch the uptrend line. Also the uptrend lines on the Dow 60 and SPX. Or for a little more room the previous higher low


Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!