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arthur
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PostPosted: Mon Jan 17, 2005 1:46 pm    Post subject: QQQQ Chart Reply with quote

The 50 day MA and middle of Bollinger Band (20 day MA) work together to provide significant resistance at around 39. Also, the second big down day after two big down days in a row at about 39 is a resistance level. The QQQQ 2004 low is 32.07, and the 61.8% Fibonacci level at 37.17 may be tested. Short-term, QQQQ held roughly 38. Perhaps, QQQQ will trade between just below 38 to about 39 next week.

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