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QQQQ Storm Brewing


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#1 frenchpj

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Posted 23 December 2006 - 09:32 PM

The weight of the evidence suggests a correction to the intermediate-term up trend started last July is getting underway. :cry: Support is suggested between 41.21 and 42.25. :sweatingbullets: Here are the top 10 reasons why I'm short-term bearish: :bear:

1) Head and Shoulder top in the RSI.
2) Parabolic SAR now on a sell.
3) RSI on a sell.
4) Fast MACD .007 away from a sell.
5) Force Index on a second sell signal.
6) Last five weeks downside volume higher than upside volume.
7) ADX turned down signaling a trend consolidation or reversal.
8) Double top in Full Stochastics and it's about to confirm a sell.
9) MFI on a sell signal.
10) Chaikin Oscillator on a sell.



http://stockcharts.c...0914&r=9599.png
"Great things are not done by impulse, but by a series of small things brought together."

– Vincent van Gogh

#2 frenchpj

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Posted 24 December 2006 - 01:13 AM

http://stockcharts.c...87060584259.png
"Great things are not done by impulse, but by a series of small things brought together."

– Vincent van Gogh

#3 vitaminm

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Posted 24 December 2006 - 10:09 AM

QQQQ/Simple trading using only few indicators

http://finance.yahoo...qld q...0&a=&c=
vitaminm

#4 frenchpj

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Posted 24 December 2006 - 10:36 AM

Where are the QQQQ bulls reply? :redbull: I was looking forward to seeing their current arguments on the QQQQ's bullish case.



When everyone is thinking alike, there isn't much thinking going on... ;)
"Great things are not done by impulse, but by a series of small things brought together."

– Vincent van Gogh

#5 CLK

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Posted 24 December 2006 - 12:42 PM

The weight of the evidence suggests a correction to the intermediate-term up trend started last July is getting underway. :cry: Support is suggested between 41.21 and 42.25. :sweatingbullets: Here are the top 10 reasons why I'm short-term bearish: :bear:

1) Head and Shoulder top in the RSI.
2) Parabolic SAR now on a sell.
3) RSI on a sell.
4) Fast MACD .007 away from a sell.
5) Force Index on a second sell signal.
6) Last five weeks downside volume higher than upside volume.
7) ADX turned down signaling a trend consolidation or reversal.
8) Double top in Full Stochastics and it's about to confirm a sell.
9) MFI on a sell signal.
10) Chaikin Oscillator on a sell.



http://stockcharts.c...0914&r=9599.png





Weekly red sticks with no tails often sharply reverse the following week.

Note Dec. 05. I'm staying short Rimm but going long index calls.

#6 frenchpj

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Posted 25 December 2006 - 10:19 PM

"Weekly red sticks with no tails often sharply reverse the following week." Come on bulls :redbull: ...surely you can offer more evidence then this--cannot you? :ninja: I'd like to find the possible holes in my analysis. :sweatingbullets: Would appreciate seeing your evidence. :) TIA
"Great things are not done by impulse, but by a series of small things brought together."

– Vincent van Gogh