HPQ delivers and we have a bit of a tech rally after hours. For ES, watch last week's low at 1437.25, and NQ the 2035.25 level, 50% August rally on the continuous contract (#F for e-signal and 6.0 Qcharts). We are due for a real bounce and if housing starts are not as bad as forecast, it could have some legs. Resistance will be the 10 dma's. Don't stay married, if we are in a bear market, these rallies won't last.
Am I the only one that noticed the COMP gap close (2584) from last week/ snap rally? In any case, it made me hit NQ long at lows.
Am I the only one that noticed the COMP gap close (2584) from last week/ snap rally? In any case, it made me hit NQ long at lows.
This entry was posted
on Monday, November 19, 2007 at 11/19/2007 10:33:00 PM.
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11/19/07 11:17 PMI did as well. Your link goes to AMAT instead HPQ.
11/19/07 11:20 PM
Thanks, corrected.
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