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MPTrader Mid-Day Minute
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| Fri Apr 4th 2008
No Meaningful Selling Pressure in Q's
By Mike Paulenoff, www.MPTrader.com Although the Q's have been unable to make any upside progress during the first hour of trading, the action nevertheless is very muted -- and does NOT suggest there is any meaningful selling pressure at this time. In other words, the action in the Q's is an orderly high-level consolidation period that probably will span a range between 46.00 and 45.00 (roughly) prior to completion -- and the emergence of a new upleg to 48. For more of Mike Paulenoff, sign up for a Free 15-Day Trial to his ETF Trading Diary. |
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