YM fails at a bounce attempt to 12764 as does NQ at 1836 (50% of gap and ex broken trendline resistance, now resistance again). The ADVDEC lines are now getting more negative, below -1000 as I type. MSFT is in the green as money flocks to the big guy with lost of liquidity. INTC at 20.80 is at trendline support and that will be one to watch.
Fed minutes at 2 PM, so expect some chop until then.
NQ closes its gap at 1838.75. Techs are looking the strongest thanks to MSFT and APPL. ADVDEC lines have stabilized to levels that are manageable by bulls. We will see how they do now that NQ closed its gap. Support should be 1836 if they mean business. AAPL got an upgrade and that is mildly supporting techs for now, but don't play hero: link
Fed minutes at 2 PM, so expect some chop until then.
NQ closes its gap at 1838.75. Techs are looking the strongest thanks to MSFT and APPL. ADVDEC lines have stabilized to levels that are manageable by bulls. We will see how they do now that NQ closed its gap. Support should be 1836 if they mean business. AAPL got an upgrade and that is mildly supporting techs for now, but don't play hero: link
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on Wednesday, February 21, 2007 at 2/21/2007 09:51:00 AM.
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