DayTrading QQQ Swings (QQQ)

[d-k]

boutonj68. Volume during down move was low many days and still it kept on going down. Same can happen during up move. Volume alone is not a good indicator, unless we see an unusually high or Low volume. Price is a better indicator.

I think today may be just short covering and not actual buying. But if price gap over 27.7 and run past 28, this could run for a while as there is not much resistance until 29.

Right now I am interpreting the IT chart as some what overbought and so there is potential for some give. But when will the give occurs is hard to predict. Blasher is going give us better insight into IT trend tonight.

dk