LU
Posted by btr Tue, 10 May 2005 23:52:21 GMT
150 millions shares changed hands yesterday. After a big day like that, profit taking is normal.
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Posted by btr Tue, 10 May 2005 23:52:21 GMT
150 millions shares changed hands yesterday. After a big day like that, profit taking is normal.
Posted by btr Tue, 10 May 2005 23:48:35 GMT
If you're aggressive, short it. The downtrend line has pushed it right back.
Posted by btr Tue, 10 May 2005 23:48:18 GMT
INDU lost more than 100 points today, but it remained above SMA 20. Let's see if this support can hold tomorrow.
Posted by btr Thu, 05 May 2005 00:33:49 GMT
INDU rallied back nicely today. I sold 1/3 of current equity position as planned (10350). Another 1/3 will be sold if Dow Jones reaches 10550-10600.
QQQQ is still lagging behind. Today's move was not accompanied with good volume. Let's see if we can see some follow through in the rest of week.
Posted by btr Tue, 03 May 2005 01:31:26 GMT
It looks like every bounce has met with selling, so the SMA 20 becomes the overhead resistence for a while. I plan to reduce 1/3 position if INDU reaches 10350.
QQQQ looks worse.
Posted by btr Tue, 03 May 2005 01:28:36 GMT
GOOG had two big gaps. Will it have another run up from this congestion around 220? Maybe 250?
Posted by btr Wed, 27 Apr 2005 01:59:45 GMT
The good earning report pushed it to break out this triangle, but the doji and long red candles didn't look good for the bulls. If it moves below the trend line, it may be a short. Going long from this point does not provide a good risk/reward opportunity as the overhead resistence is very close at 73.27.
Posted by btr Wed, 27 Apr 2005 01:59:05 GMT
The SMA 20 is the overhead cloud QQQQ needs to clear through.
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