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today was highest hi in Dow and sp500
(intra day hi)
and
sadly the new hi have decreased 2 days in a raw
this has the feel and the reading of a top
we should make a lower low tomorrow
I am long QID from 51.50
and 51.9
will add to my position on 2 conditions
a: we make tomorrow a higher hi
b: we make a higher low
if so will buy more
Qid goes up trice the move of the qqqq down
so, for example if qqqq is down 50 cents then Qid is up a dollar for the day
Ben
----- Original Message -----
From: Mark Simms
To: RealtradersList
Sent: Thursday, December 07, 2006 4:20 PM
Subject: [RT] Key reversal day.....
for all major indices....but agreed, from yesterday's tiny candles, this was not a great accomplishment.
Depending on tomorrow's jobs report, it could be a rockin day.
What say you, Ben ?
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