Friday, September 4, 2009

Confliction






1.to come into collision or disagreement; be contradictory, at variance, or in opposition; clash: The account of one eyewitness conflicted with that of the other. My class conflicts with my going to the concert.
2.to fight or contend; do battle.

As we head into the notorious Sep-Oct timeframe, there is a battle brewing between the Bulls & Bears. The charts show two different scenerios that could play out soon:

The NASDAQ (QQQQ) chart looks poised to head higher

The S&P 500 (SPY) is showing "negative divergence" on the MACD that mostly leads to

a quick downturn.


Let the battle begin and enjoy your Labor day Weekend!

Trade well,

Trader D
















Subscribe in a reader

No comments: