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frenchee

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frenchee

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Saturday, 10/30/2004 11:56:23 AM

Saturday, October 30, 2004 11:56:23 AM

Post# of 37180
QQQ Long-Term Look

http://img5.imgspot.com/u/04/303/09/QQQmonthly102904.jpg

Each candlestick from the market top on March 2000 shows one months price range. My long-term timing model is still in a long position since price closed above the red action line. Resistance is indicated 37.75 and support at 34.75. 34.75 is a key level because that's the forecasted end of November action limit for a sell under my timing model and is also a key Fibonacci retracement level. Currently, long-term trend is up, intermediate-term trend is down, and the short-term trend is up IMHO.



Regards,
frenchee

#board-4258 TSP Trend Timing: EFA (I), TLT (F), SPY (C), and VXF (S)

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