The big picture of the PowerShares QQQ Trust (Nasdaq: QQQQ) continues to exhibit a powerful series of higher-lows and higher-highs off of the March low at 25.63. Unless and until the Q’s break the prior significant pullback low at 39.02 (9/03), the uptrend will remain intact and dominant. On the upside, if the Q’s are heading for the top of the March-Sept channel, then we should expect prices to climb towards 43.00-44.00 in the hours/days directly ahead. Finally, a pullback into the 31.30/00 area should be considered a buying opportunity.
The Mid-Day Minute
Powerful Uptrend Intact for Q's
Fri, Sep 11 2009, 06:41 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







