Nothing Short Of Amazing
The Qs and SPYs are yet again
putting in another trend day, this time to the north, as
the extreme daily moves on the major indices continue. The extent of the
intraday long and short squeezes has been nothing short of amazing, with
end-of-day swing shorts who didn’t take advantage of the earlier drops to hourly
extremes, yet again getting crucified. As we approach midday, our key 13-
and 60-minute are both in uptrends, with the 13-minute angles on both charts
providing strong support for another potential push.
QQQÂ Â Â
Tuesday August 6, 2002 12:15 P.M. ETÂ Â Â SPY
Moving Avg Legend:
5MA
15MA 60-Min 15MA
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Good
Trading!
Don Miller