QQQQ within .54% of two other important peaks

very unlikely that QQQQ will just zoom through that resistance line without some kind of sell off. extremely unlikely. also, current volume of 66 million is roughly 45% less than the previous two peaks. not a good sign. current RSI on QQQQ is 81. very dangerous right now within this 1% trading range.

very unlikely that QQQQ will just zoom through that resistance line without some kind of sell off. extremely unlikely.

also, current volume of 66 million is roughly 45% less than the previous two peaks. not a good sign.

current RSI on QQQQ is 81.

very dangerous right now within this 1% trading range.

I was looking at the same chart yesterday and noticed that the qqqq had a mere 0.5% before hitting resistance. The low volumes are anyway a bad thing for the bearish case, not a good thing. When prices surge with inexistent volumes that means market manipulation and in a bubble or in a blow off with such low volumes you don' t know where they can push the beast. The best thing would be a reversal day after hitting resistance with explosion in volumes......................but so far.................nada. I think most know very well it will end in tears..................but the reversal point is still undetermined. The pattern in all the american indexes goes on resembling the way they topped in 2007 although even more stretched.......................it will end at the same way.


BTW low volumes means that it's not the little investors that are pushing up prices.................it' s the banks with their fake trades set up exchanging shares between one another. And they post .....record earnings, lol. Smoke in face

Edited by andr99, 15 April 2010 - 04:10 AM.