All Hands Overboard or All Hands Onboard? The Sell-Off From TD Sequential Hourly Sell Setup to Hourly Buy Setup Asks Whether This is the Retest and Will Buyers Respond
Aaron Armstrong, Novermber 15, 2007
The pieces are in place for buyers to take hold at some point, whether that is tomorrow or a week from now we can't know for sure but with the QQQQ at hourly TDST support, on bar 9 of an hourly buy Setup and with back-to-back "A" downs the catalysts are there and waiting. I am waiting as well. I sent out a few long probes, those are basically breakeven at this point but I won't act on the long side any further until we see these catalysts acted upon by aggressive buyers. Options expiration complicates matters somewhat but next week will either be friendly to the bulls or something is very different about this market. To review here is the Evening Review in audio visual format. Click here to view this online trading research video
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