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MIKE PAULENOFF'S ETF TRADING DIARY

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Mike Paulenoff
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Mid-Day Minute for Mon September 11th 2006 RSS

Mon September 11th 2006
Upside Reversal for the Qs?
by Mike Paulenoff, www.MPTrader.comAll of the major market equity ETF's have the potential to make key upside reversal days today, which if confirmed at 4 PM ET would appear to be bullish signals that the recent weakness from last Tues. is over, and that another period of strength has commenced...

The question is what kind of strength... the quality of the strength, etc.... because as of this moment, my work is warning me that THIS rally effort is NOT the start of a new upleg...rather, it is a sharp recovery rally within a larger, developing downside corrective process...

With that in mind, let's have a look at the Q's...the strongest of the indices...

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 << September
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