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QQQQ's Break $47.00 On


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#1 U.F.O.

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Posted 14 August 2007 - 08:05 PM

(3 charts.)

U.F.O.

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#2 selecto

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Posted 14 August 2007 - 08:26 PM

UFO, I have been watching this for a while, but haven't had the conviction to post it. If we are going lower, we better do it tomorrow, because my mo mo stuff wants to turn up.

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Edited by selecto, 14 August 2007 - 08:29 PM.


#3 U.F.O.

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Posted 14 August 2007 - 08:52 PM

I'm thinking $45.625 before any meaningful move back to the upside. Even then, I see $47.00 as a "key" resistance level on any attempted bounce. U.F.O.

Edited by U.F.O., 14 August 2007 - 08:54 PM.

"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote!"
~Benjamin Franklin~

#4 skyymaster

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Posted 15 August 2007 - 08:30 AM

I belive you will get that down draft. My analysis is based on sentiment. Too bullish bottom pickers. Of course we may get dead cat bounce.
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