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Q's Poised for New Recovery Highs
The intraday pattern in the Nasdaq 100 Trust Shares (Nasdaq: QQQQ) argues for another pop to the upside into new recovery highs near 45.20 prior to the completion of the upmove off of this morning's pivot low at 44.43 -- as well as the conclusion of the larger upleg off of "The Bernanke Low" at 43.59 from 2/12.