Thursday, November 27, 2008

Qs, SPY, NQ

NQ 30min ~ a rising wedge, - D. 50% +/- retracement, likely markets are showing (a) of IT wave 4. SPY 60min is also showing declining volume and a rising wedge. Qs 60min ~ up volume is declining and formed a rising wedge. Traders bought markets on Friday with Geitherner reversal and went vacation. 20% free ride during the Thanksgiving holiday.




~~ Oil ~~ 54 +/- bounce from 50 S
~~ GAS ~~ bouncing up from 1 S

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