The Q's are starting to falter a bit, probably just profit taking before the Fed meeting Wed, but maybe it's time to take a little profit off the table if you are a short term trader. The 15-min 3C still looks good, you can see the yellow 10-min is showing some distribution and the MACD heat map has lost momentum. In addition the volume doesn't look all that bullish into the afternoon.
Wednesday, October 29, 2008
Q's Time to Take Some Profit?
Posted by Brandt at 3:10 PM
Labels: 3C, Fed, FOMC, MACD, MACD heat map, meeting, nasdaq 100, profit taking, qqqq, Stock Finder, trade guild
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