Tuesday, April 15, 2008

New Signals

The VLE & Tides went to short as of yesterday's close, while the Weekly Trend and Modified Donchian remain long. Although the Qs closed below last week's low, which was the low of the high week, the volume was well below average and less than Friday's volume. While price gave a sell in the intraweek system, volume did not confirm.

The Qs are approaching a 10 day closing low in the Modified Donchian system, which often provides support. Fibonacci support is at 43.74 and 43.10.

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