Monday, April 28, 2008
QQQQuality
QQQQ is the ETF that tracks the NASDAQ 100 index. As soon as this bad boy breaks through the downtrend line, it's time to get long. The 200DMA is overhead resistance, although it is flattening out. The 50DMA will be support from below. I think we'll see an upside breakout within the next two weeks.
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