Friday, August 28, 2009

the hunt is on



  • in my view, right now the NQ is too far extended above its uptrending 8ma (red line) and its uptrending 20 ma (beige line) on the 15M chart to enter long in the mid to upper 1650's...looking for NQ to correct some more in both price and time...
  • currently considering re-entering in the high 1640's - low 1650's during the 10-1030 time frame....this price level is also at a previous pivot...
  • TRINQ very strong, but the NASDAQ A/D line is just above flat, so mixed readings from the market internals...
  • watching, waiting...the hunt is on...

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