Classic Struggle
The Qs have followed through
on yesterday’s oversold reversal and are
currently locked in a classic struggle between key intraday supports and daily
resistance. Follow through to Greenspan’s morning remarks, which fueled the
post-gap surge, has been moderate at best, and I’m extremely interested in
gauging the strength of any further climbs on this day-and-a-half oversold
bounce. Keep in mind that if you’re skeptical of the bounce — and many are
based on the mail I’ve received — any skepticism must
be balanced with objective respect for
current key trends until
and if
broken.
12:00 PM EDT
Significant labor continues at
this end to complete and refine the upcoming QQQ educational expansion, which I
truly believe will take Q trading and education to the next dimension. For those
who continue to ask as to its status, please stay tuned for more details as the
wait will be worth it!
“Don, thank you for being accessible and for sharing your knowledge.
By getting back to some basics and by staying focused, my ability to
“read” the trends, reversals, pullbacks, etc., has greatly
improved.” C.R.
“Don, thanks for the lessons you’re teaching. The Acme anvil doesn’t land
on my head much any more. Thanks again.” H.S.
Good Trading.