Posted by dodgerdog on 16th of Jul 2008 at 11:50 am
QQQQ- resistance at the downtrend line and also
just above around the 46 level (see 20 day MA as well). Above
those areas would be the 50 day MA around 47.60. Want to see
a decisive move above the initial resistance areas or else were
subject to fail on any rally attempt.
Looks like the QQQQs reached a short term double top, went to
44.90 between 11-11:30 today to match what it did yesterday between
3-3:30, and the indicators turned down on the 15 min. charts, MACD,
W%R, hit top of Bollinger bands(20,2)both times.
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QQQQ
QQQQ
Posted by dodgerdog on 16th of Jul 2008 at 11:50 am
QQQQ- resistance at the downtrend line and also just above around the 46 level (see 20 day MA as well). Above those areas would be the 50 day MA around 47.60. Want to see a decisive move above the initial resistance areas or else were subject to fail on any rally attempt.
QQQQ
Posted by bob52 on 16th of Jul 2008 at 12:15 pm
Looks like the QQQQs reached a short term double top, went to 44.90 between 11-11:30 today to match what it did yesterday between 3-3:30, and the indicators turned down on the 15 min. charts, MACD, W%R, hit top of Bollinger bands(20,2)both times.