AI
Wednesday, December 09, 2009 4:16:57 PM
Re: QQQQ - Top 4 Holding: AAPL, QCOM, MSFT, GOOG:
Whereas QQQQ continues to submit to selling pressures, AAPL (see line chart insert below QQQQ's candle chart), seems caught within a narrow trading range (grey dashed channel). A bottom channel break would be an ominous sign for AAPL and the QQQQ, IMHO.
The next two AAPL charts (WEEKLY and MONTHLY), each indicate a significant upper resistance and break of support, respectively:
QQQQ - 12-Month, Daily Chart:
AAPL - 36-Month, Weekly Chart:
AAPL - 5-Year, Monthly Chart:
- Dalcindo
Whereas QQQQ continues to submit to selling pressures, AAPL (see line chart insert below QQQQ's candle chart), seems caught within a narrow trading range (grey dashed channel). A bottom channel break would be an ominous sign for AAPL and the QQQQ, IMHO.
The next two AAPL charts (WEEKLY and MONTHLY), each indicate a significant upper resistance and break of support, respectively:
QQQQ - 12-Month, Daily Chart:
AAPL - 36-Month, Weekly Chart:
AAPL - 5-Year, Monthly Chart:
- Dalcindo
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