Tactical musings, technical timing indicators and risk management strategies
Wednesday, July 18, 2007
Qs hit S2
The Qs opened mid S1/S2 and modulated down to S2 precisely (49.78). We are now seeing the the bounce up.....the question is whether it will hold. VIX, TRIT and NYAD are all flatline at this point and TICK is upslope. Could be a bumpy ride today. I'm net long on this one, unless we retrace back through S2.