Let’s notice that the PowerShares QQQ Trust (Nasdaq: QQQQ) is pushing up against the sharply declining 200-day moving average, now at 34.24, which if hurdled should trigger upside acceleration towards my next optimal target zone of 35.20/50. That will imbue the big picture chart of the Q’s with a similar very constructive look exhibited by Cisco (CSCO), per my posting from yesterday. I am still using 33.30 as my stop-reversal plateau.
The Mid-Day Minute
Q's Pushing Resistance
Thu, Apr 30 2009, 05:35 GMT
by
Mike Paulenoff
- MPTrader.com
|
View company's profile
About this Report
MPTrader.com
info@advicetrade.com
Archive
-
Apple Due for Profit-Taking
Fri, Feb 10 2012, 05:10 GMT
-
Big Cap Tech Stocks to Watch
Thu, Feb 9 2012, 04:57 GMT
-
Bullish Digestion for Gold, Euro
Tue, Feb 7 2012, 04:42 GMT
-
VECO on the Move
Mon, Feb 6 2012, 04:51 GMT
-
Promising Technical Set-Up for ORCL
Thu, Feb 2 2012, 05:03 GMT
Advertisement







