Nasdaq gapped down away from trading area. This is a big negative. Is now resting on 50 day moving average. Everything wants to head for breakout area of October.
Five day ARMS high but not high enough to put in a bottom. Looking
for 9 to 11.
AAPL 71.89 up .44. Went under swing low of yesterday with higher volume. .05 from low of 51 million share day and half that volume. Building cause down, confirmation will be over high of today and
gives it up. 50.30 wast last day of quality volume. December 14 had down volume ... wait for price up with no volume ... Needs a big volume down day. 73.82 on lighter volume could be a good short.
WMT 46.8 down .68. Consolidation.
UARM 38.31 down 1.55. Recent IPO. Possible buy at 24.
MCO 61.42 down .26. Buy at 54.
WDC 18.61 up .17. Broke out last week with gap higher. Buy at 15.
N 50.50 up .03 Canadian. Built cause since January 2004. Buy at 46.69 Canadian going for 55.
NDX 1645 down 10. Five week island top.
TIV 7.78 down .27. October 14 down with volume and wants to retest it at 5.52. Test will be successful with 20% lighter volume and close above low, then get on right side of trend, then can buy.
LF 11.65 down .04. Today it rejected the low price, but volume is a little too much this week. Need a sign of strength to buy. Not ready yet.
TRE Tom sold yesterday to get back principle.
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