The Bollinger bands are very tight on the QQQ daily. Me,
I'm not going to short the QQQ's. They could play catch-up at
any time, and the move out of the BB squeeze could be big.
Here's the chart w/ the bands. This looks to me like a
pretty objective long, since we've broken above Wednesday's high.
The only thing that would take it in the reverse direction, I
would think, would be some kind of market-wide bad news.
The Bollinger bands are very
QQQ resistance?
Posted by frtaylor on 1st of Feb 2013 at 11:47 am
The Bollinger bands are very tight on the QQQ daily. Me, I'm not going to short the QQQ's. They could play catch-up at any time, and the move out of the BB squeeze could be big.
Here's the chart w/ the
Posted by frtaylor on 1st of Feb 2013 at 12:16 pm
Here's the chart w/ the bands. This looks to me like a pretty objective long, since we've broken above Wednesday's high. The only thing that would take it in the reverse direction, I would think, would be some kind of market-wide bad news.
Thanks for your input.
Posted by rbreese on 1st of Feb 2013 at 03:46 pm
Thanks for your input.