3309 Drysdale Ct
Edwardsville, IL 62025
Two possibilities short term for those trading the QQQQs. Either we are dropping down and into a 5th wave or this is some sort of reverse head and shoulder pattern. I favor the prior as the action today hasn't necessarily been very positive. Just my opinion on a VERY short term chart so keep a close eye to see if this is a (1) break of a bear wedge leading to further downside possible or a (2) right shoulder.
Subscribe to our email list for regular free market updates as well as a chance to get coupons!
QQQQ 5min chart
Posted by manson805 on 21st of Oct 2008 at 01:58 pm
Two possibilities short term for those trading the QQQQs. Either we are dropping down and into a 5th wave or this is some sort of reverse head and shoulder pattern. I favor the prior as the action today hasn't necessarily been very positive. Just my opinion on a VERY short term chart so keep a close eye to see if this is a (1) break of a bear wedge leading to further downside possible or a (2) right shoulder.