Friday, June 08, 2007

After 3 down days on accelerating volume today feels like a consolidation with a recovey break . The TICK locked between PP and R1 following the anticipated first hour morning pop. Both IWM and Qs locked at PP. Volatility on the Q calls is anemic with heavy put activity. If TICK holds look for the break at circa 11:30 PST to R1.

No comments: