Tuesday, February 3, 2009
Qs symmetrical formation +D
Qs HOD 30.43 is not fixed on stockcharts data. It seems that is the case for other trading platforms even though intraday data is fixed. Qs is contracting in a tight trading range. Qs range was 29-30 as noted during premarket. Market sentiment is very bearish even though markets are showing positive divergences. Hence, many are reluctant to make any commitment as we can see light trading volumes. Breaking S/R is initial signal and market price pattern shows bearish pattern as well as market news. When market sentiment will turn is a wild guess, yet.
Unlike the Bush philosophy, Obama likes to follow polls, so whether markets will follow market sentiment is an easy guess for now.
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