Wednesday, March 04, 2009 11:02:52 AM
so, we've gone Up and Hit then Paused At each of my first three Targets ...
now distributing around the 27.32 level.
This is an important level as reaching the next one, 27.52
would be a real sign of Strength.
Closing today near 27.50 would be very Bullish !!
On the other hand, if QQQQ struggles to get higher than this current 27.32 area,
it would be more Bearish and I would look for Downside Trades.
Even if we reach the 27.50 area, watch for weakness
as this could be a good Shorting area as well.
Good Luck !!
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