Belated Holiday Fireworks

Belated holiday
fireworks
could be seen on the Naz this morning, and it wouldn’t
surprise me if you could hear the 1812 Overture (complete with cannons) in the
background as the VIX exploded and Naz imploded. I’ll simply let this morning’s
chart and three-minute 15 MA speak for itself as it, like fireworks, can’t aptly
be described in words.

Friday  July
6, 2001  10:55 AM EDT

Looking to the
future, the further down we go over the course of the rest of today and into
next week, the more I’ll be looking for a probability shift to oscillations and
the long side for intraday profit opportunities. Until then, I’ll be respecting
current 15-MA supports on all time frames, with particular sights on the
three-minute 15 MA.

Have a great weekend.

Don Miller

For
a more in-depth look at how Don trades the QQQs, click here.