Friday, December 30, 2005

 

Intraday : Resolution

The 40.40-40.50 intraday trading range on the QQQQs has been broken. The bollinger bandwidth has increased and the resolution , so far appears to be to the upside. (Merely an opinion; Never intended as advice)

UPDATE : The Nasdaq volatility index (VXN) has dropped by close to 3 % compared to yesterday's close inspite of the drop in the index. Either an indication that we go up from here or extreme complacency.

UPDATE : The resolution to the upside turned out to be fake and the QQQQs closed at 40.37 near the lows for the session. But VXN did not budge !! Where is the fear ?

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# posted by Kaiser Soze @ 1:28 PM
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