the qqqq looks to me like an abc correction
it is still in process with a little lower to go.
once it can trade above 45.6 i believe we are heading to about
53.
g
qqqq
Started by
gannman
, Apr 11 2008 11:44 AM
6 replies to this topic
#1
gannman
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Posted 11 April 2008 - 11:44 AM
feeling mellow with the yellow metal
#2
isaac613
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Posted 11 April 2008 - 12:23 PM
First we should test $39 and then $45 again.
#3
gannman
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Posted 11 April 2008 - 12:26 PM
isaacFirst we should test $39 and then $45 again.
imo if we go to 39 we are going to crash and go a lot lower fwiw
g
feeling mellow with the yellow metal
#4
isaac613
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Posted 11 April 2008 - 12:34 PM
Nah, 39 will be the low for now. Then we will have another rally like January. Probably fed will cut the rate to 1% again. You know the drill. Then we might go up for awile again. Don't know what happens after that too far ahead.
#5
StillLearnin
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Posted 11 April 2008 - 02:49 PM
Gan,
Do you have time to post the way you are counting the 5 waves Up to preceed this three wave move down. BTW if this a A.B.C then A=C for QQQQS at 44.06...a few pennies away.
#6
willieintheno
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Posted 14 April 2008 - 08:00 AM
Gan,
Do you have time to post the way you are counting the 5 waves Up to preceed this three wave move down. BTW if this a A.B.C then A=C for QQQQS at 44.06...a few pennies away.
Here is the way I have it counted (thru NDX)
Thanks
http://stockcharts.com/c-sc/sc?s=$NDX...48117&r=434
#7
StillLearnin
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Posted 14 April 2008 - 08:06 AM
Willie,
Thanks for sharing. I have that possibility in mind too....
SL
