Plunge in Q's - Market Analysis for Aug 23rd, 2006

After two hours of trading, the Q's have plunged from their pre-economic data high of 38.67 to 38.08 so far, likely on the way to my optimal next pullback target between 38 and 37.80 which must contain the selling pressure to avert a much more damaging decline towards 37-36.80.

For more of Mike Paulenoff, sign up for a Free August Trial to his ETF Trading Diary.


  Matched “”
x
Take Advantage Of Our Free
7-Day Trial, $71st Month Offer!
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!