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Wednesday, December 13, 2006 9:05:14 AM
QQQQ - Tuesday's 5-Minute Chart...
The QQQQ remains in a sideways consolidation from its 2006 High ($44.86). After two up days, Tuesday's action was to the downside.
Tuesday's 5-Minute Chart (below) shows the QQQQ performing the up-and-down gyrations that customarily follow a 2:15pm (EST) interest rate announcement.
On Wednesday, further downside in the QQQQ will find it testing a 3-member area of Gathering Support between $43.47 and $43.50.
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The QQQQ remains in a sideways consolidation from its 2006 High ($44.86). After two up days, Tuesday's action was to the downside.
Tuesday's 5-Minute Chart (below) shows the QQQQ performing the up-and-down gyrations that customarily follow a 2:15pm (EST) interest rate announcement.
On Wednesday, further downside in the QQQQ will find it testing a 3-member area of Gathering Support between $43.47 and $43.50.
V
V
Buy at Support
Sell at Resistance
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