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IMHO, the QQQs are headed higher...


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#1 Bob-C

Bob-C

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Posted 20 July 2011 - 01:36 AM

Hi everyone, here are the QQQ daily, weekly, and monthly TL charts (check these self-updating TL charts again 15-20 minutes after the QQQs open on 7-20-11):

http://www.chart.nu/...0&filter=21.png


http://www.chart.nu/...07&filter=8.png


http://www.chart.nu/...0&filter=13.png


Here are the QQQ Gallery Charts with the QQQ daily and weekly charts and the QQQ P&F chart depicting a QQQ revised Bullish Price Objective of 89!

Here is the QQQ daily Ichimoku chart.


http://stockcharts.c...3817&r=8110.png

Here is the QQQ weekly Ichimoku chart.

http://stockcharts.c...2185&r=5218.png

Note the bullish positive and rising QQQ:SPX and QQQ:NDX on both the QQQ daily and weekly Ichimoku charts above.

Here is the QQQ daily chart depicting positive CMF, MFI, and Accum/Dist:

http://stockcharts.c...3679&r=6831.png


Here is the QQQ daily chart depicting a positive rising Full STO, Fast STO, and MACD:


http://stockcharts.c...0947&r=7630.png

Here is the QQQ weekly chart:


http://stockcharts.c...2466831&r=0.png


Note, I remain open to the possibility of a short-term correction of the QQQ's very sharp parabolic rise at any time during this week and/or next week.

Cheers, :)

Bob-C

Edited by Bob-C, 20 July 2011 - 01:40 AM.

Disclaimer: None of my posts are meant to be taken as investment advice or trading advice. Do your own due diligence and consult your financial advisor before making any trades or investments.