From my TA system,

NASDAQ is turning weaker, even after today's pulling up from low level. Buy signal disappered, and weak sell signal appears.
S&P is turning a little bit stronger. However, not strong enough to truly break out. The TA signals are mixed, basically, buy signal diappeared but no sell signal yet.

From candlestick charts, NASDAQ is still in narrow range correction mode. Although it closed as a hammer line, that does not mean much in correction mode. S&P goes up for three days at high level with less vol and smaller range. Technically, that is a short term sell signal. Actually, S&P is in correction mode as well.

If market is going to break up from the range correction, usually a pullback will happen right before that. For that reason, if I go for long, I would not bet much this week.

所有跟帖： 

• 回复：From my TA system, -不信你.- ♀ (0 bytes) () 06/15/2005 postreply 13:43:25

• thank you very much, Uptrend -highlander- ♀ (31 bytes) () 06/15/2005 postreply 13:45:34

• Uptrend, you are good, Thank -youtoo- ♀ (0 bytes) () 06/15/2005 postreply 19:10:35

• Well said! -greatwc- ♀ (0 bytes) () 06/16/2005 postreply 00:37:55