A very nice intraday reversal today

A very nice intraday reversal today !

Usually, this is a very bullish sign and it tells us that, tomorrow a new higher high will be created. For example, tomorrow NASDAQ will have a chance to make a new high of at least 1918 ! Because today's high is 1917.46.

Now, the NASDAQ has been closed UP for 11 days in a row. In these 11 days, the NASDAQ index has been up for ~170 points or ~ 10% in these 11 days. What a nice moving up for this up wave ! I hope you all have caught this strong up wave and made some nice money! Being able to ride with such waves is our goal to do the daily analysis here. Fortunately, I didn't miss this mad bullish moving up! I hope you didn't miss it as well. Please see below the data for details:

21-Jul-091,917.391,917.461,892.171,916.202,205,230,000 1,916.20
20-Jul-091,896.991,909.891,890.001,909.292,046,350,000 1,909.29
17-Jul-091,880.311,887.341,873.811,886.611,876,760,000 1,886.61
16-Jul-091,856.051,887.891,854.701,885.032,072,730,000 1,885.03
15-Jul-091,827.611,863.291,824.311,862.902,543,340,000 1,862.90
14-Jul-091,790.701,800.731,782.851,799.731,856,910,000 1,799.73
13-Jul-091,761.031,793.211,736.951,793.211,899,410,000 1,793.21
10-Jul-091,744.611,764.111,738.261,756.031,658,010,000 1,756.03
9-Jul-091,756.971,763.631,747.441,752.551,868,280,000 1,752.55
8-Jul-091,756.001,757.671,727.051,747.172,467,520,000 1,747.17
7-Jul-091,787.441,788.971,745.381,746.172,027,240,000 1,746.17

Now, I want to warn all my friends that the market pulling back could happen any time from now on ! So being alert of any market topping signs. Yesterday, I have pointed out that the next wave will be DOWN wave, and I am 100% sure about this based on the simple symmetry patterns.

I took more profits today and plan to do so tomorrow as well! Every time the market goes up to a new higher level, I will take some profits on the longs !