SPDR S&P 500 (SPY): Gleno, QQQQs hit that 50dma again now ba...

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Re: GLENO34 post# 54016

Friday, 06/27/2008 12:12:49 PM

Friday, June 27, 2008 12:12:49 PM

Gleno, QQQQs hit that 50dma again now backing off. QQQQs 5min 50dma is moving down with the price action. The 50dma is now 45.62. Let's see if the QQQQs will give it one more go or if we fall out of the bottom channel of this bearish flag which would be ~45.45, the bottom/line in the sand.

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