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The positive perspective is illustrated by the QQQ

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Y worry Murray Member Profile Y worry Murray Member Level 
Sunday, May 13, 2012 7:03:49 AM
Re: Duma post# 60714 Post # of 70023 
The positive perspective is illustrated by the QQQ holding support at the bottom of the Ichimoku cloud. Also the Force Index is showing strong positive divergence over the past week. I think that the present level of support will determine future market direction. If I had to predict I would say that I expect a small bounce now backtesting the 50 SMA and then lower prices in 1 to 2 months. Having said that I don't believe that anyone can trade profitably by predicting future market directon, do you?




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