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Mr Nasdaq

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Mr Nasdaq

Re: Vestor_2000 post# 102

Wednesday, 05/17/2006 9:55:27 AM

Wednesday, May 17, 2006 9:55:27 AM

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Vestor,

One of the challenges with the CCI on the Daily Chart is that, because it is a leading indicator, it will often bottom days before the QQQQ bottoms.

However, because the QQQQ is so "oversold" at the moment, and because either Wednesday or Thursday of "Options Expiration" week is often an up day, the odds may favor a bounce sooner rather than later.

Buy at Support

Sell at Resistance

*
*
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