Is that it for the stock mkt rally?

Discussion in 'Trading' started by DeepFried, Dec 15, 2005.

  1. what great news? I am amazed that the market is going up despite the mediocre news. It is in a tight rising channel and due for a little pullback but overall going up.
     
    #11     Dec 15, 2005
  2. must i always repeat myself?
    this mkt is deadman walking.
    unless and until the nasdaq moves above 3300, the whole mkt is just moving in circle.
     
    #12     Dec 15, 2005
  3. Maybe after options expire there may be some direction into next week.
     
    #13     Dec 15, 2005
  4. Chagi

    Chagi

    I don't know, I was just browsing through some charts, and it looks like the QQQQs are consolidating below $42 or so.

    I'm not sure that I'm using the correct word for it, but the wedge that I have marked in on the chart is something I have found to be a reasonably high probability set-up.
     
    #14     Dec 15, 2005
  5. The midnight rally crew has answered your wishes.
     
    #15     Dec 16, 2005