Catchy title - will get to the point right away.
First and foremost - if QQQQ will manage to close tomorrow above 42.30 area - there will be either 1. Rally and change of trend - up it goes or 2. Period of consolidation, with trading range contraction, less wild swings. Above is very likely to happen
Now, some speculation what is going to happen tomorrow. Before report market will be trading up in pre-market After report it will dive - if it will - I will close ALL short positions then sometime during mid-session...and this is what I will be watching - if market will reverse and start moving up - then - we have got ourselves some changes.
I've become aware of possible change 2 days ago, below is what I posted on sectors on March 11th: ***start quote*** "Brand new ( well, it was new yesterday ) BUY signal for HOMEBUILDERS - not saying it is a bottom - it is a trading opportunity
NASDAQ 100 tech components - fresh BUY signal same for NASDAQ 100 same for NASDAQ BANKS same for S&P500 same for SIC-3674 Semiconductors and Related Devices ( what a surprise )
NASDAQ BIOTECH is still in the dog house ( late to short, don't buy ) same goes for RETAIL
NASDAQ FINANCIAL - amazing accuracy of 3 days old BUY signal" ***end quote***
Tonight I've noticed huge number of buy signals in multiple sectors ( even health care - surprise - surprise)
Have not finished digging yet, will continue to research - for now - here is a chart of QQQQ with (might change tomorrow ) BUY SIGNAL
 It is all about making money and be on the right side of the market
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Comments on "Market is about to change"
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Danny said ... (7/17/2008 1:06 AM) :
post a commentYo David, keep up the good work.
--Danny (the dude who posts all the time on tradeking)