Market Update: No Surprises Here

Qqqq20071019

The Cubes (NASDAQ: QQQQ): 8:10 PM NYC time, October 19th: Just a quick update on Wednesday’s posting about last week’s bearish engulfing candle / key reversal. Today’s sell off *almost* closed below last week’s key candle, but didn’t (NOTE: Other major indexes, such as the Dow and S&P, *did* confirm to the downside. Volume was elevated due to options expiration. So we’ll have to…


… wait and see what next week brings. The Cubes 1, 2, 3 reversal is still on the table and I’d give it a strong chance of confirming to the downside. Cheers!

————

<a href=”http://www.addthis.com/bookmark.php&#8221; onclick=”window.open(‘http://www.addthis.com/bookmark.php?pub=buzzpal&url=’+encodeURIComponent()+’&title=’+encodeURIComponent(), ‘addthis’, ‘scrollbars=yes,menubar=no,width=620,height=520,resizable=yes,toolbar=no,location=no,status=no’); return false;” title=”Bookmark using any bookmark manager!” target=”_blank”>AddThis Social Bookmark Button

MY OTHER WEB SITES:
MyOtherWebsites.com

MY Stock Picks List (warning/disclaimer):
http://www.SocialPicks.com/Cubetrader.com

SUBSCRIBE VIA EMAIL OR RSS:
Like my blog? Want to get automatic updates? Grab the RSS feed or enter your email address at the top right of my blog. It’s free and you can cancel at any time. Enjoy!

Advertisements