Look at nasdad futures chart ( /nq ) 15 years chart... and trace 2 lines of the uptrend channel..what do you see.. looks like nasdaq could be peaking.. now trading at the highest level of the channel.. this is a critical point: or we see a mejor breakup and we will see days like 1999-200 bubble... or nasdaq will correct in a ordely manner for some months and then continue the uptrend..sorry my writing english
yes i know it.. last friday i posted that 3.08 was the second high close of the year, and today action is the start of the socnd montain..now on the down side
Now we had 2 highs for the year, 5 and 3.08 ,and they could be the top of two rallies formed.. I do not like ackman touch this stock
now add another 25 million to 3.3s : it turned in huge resistence...F@F up x3 in just 2 months.
Ackman is not a good sign...
another 10million added t 3.1s range today ..40millions total fri-mon dumped at this level...now it turned in big resistence..
/nq futures hit the hiest point of the channel today
buy to help the trend
do not sell if you support it,
looking good...if pps trade well above 3.40 and holds it for most of the session today=new close at highs (last friday was the second one of the year)...
one thing: spread btw FNMA and FMCC was 10 cents...now is almost 20 cents