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MPTrader Mid-Day Minute
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Share Our Content: Big Picture Chart of Q's Argues for Upside Continuation
By Mike Paulenoff, www.MPTrader.com The Q's -- PowerShares QQQ Trust, Series 1 (Nasdaq: QQQQ) -- are pushing 48.00, but the BIG picture chart argues for upside continuation towards a test of the October 2007 present down trendline, now at 49.10. Only a break that sustains below 47.50 will begin to compromise the scenario for a test of 49.10. For more of Mike Paulenoff, sign up for a Free 15-Day Trial to his ETF Trading Diary. |
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