Saturday, March 18, 2006 5:07:32 PM
QQQQ and SMH (chart)
Are there similarities with Q's and SMH pattern? The points to look at are 1,3,4,5 in relation to bollingers.
SMH
bulls could make an upside case from fridays spikey candle above the lower bollinger,(its similar to OCT 2005) however the smh bottom is not in yet til we get a double bottom plus weekly upside stoch.
SMH
the last chart (is also) a pretty good idea of smh direction. it depends where you draw the lower line. Again, look for support from the weekly stoch for long positions
QQQQ
SMH
SMH 2yr
Are there similarities with Q's and SMH pattern? The points to look at are 1,3,4,5 in relation to bollingers.
SMH
bulls could make an upside case from fridays spikey candle above the lower bollinger,(its similar to OCT 2005) however the smh bottom is not in yet til we get a double bottom plus weekly upside stoch.
SMH
the last chart (is also) a pretty good idea of smh direction. it depends where you draw the lower line. Again, look for support from the weekly stoch for long positions
QQQQ
SMH
SMH 2yr
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