i don't know if it makes sense to draw such a channel which was
broken once in this log chart. But it seems to me the Q's are
getting tired. The channel was broken in feb but recovered quickly
to new highs. But the upper channel-line has not been reached. the
train is losing steam. I vote for a h&s. Would mean the top is
in with the last chance to sell in may. Maybe sort of a backtest
now? To the line or MA's or a little more upside to form a rounded
top?
Seems to me that thw Q's are a short between 89 and 90.50 $ with
target 84$ and more over time
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Sell in May... QQQ
Posted by zwyss on 25th of Mar 2014 at 08:43 am
i don't know if it makes sense to draw such a channel which was broken once in this log chart. But it seems to me the Q's are getting tired. The channel was broken in feb but recovered quickly to new highs. But the upper channel-line has not been reached. the train is losing steam. I vote for a h&s. Would mean the top is in with the last chance to sell in may. Maybe sort of a backtest now? To the line or MA's or a little more upside to form a rounded top?
Seems to me that thw Q's are a short between 89 and 90.50 $ with target 84$ and more over time