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Re: xe2dy post# 4770

Friday, 11/19/2004 5:45:50 AM

Friday, November 19, 2004 5:45:50 AM

Post# of 51804
QQQ and SMH.

QQQ is overbought and the stochastics are poised to give a sell signal today or tomorrow. One wave count I have for it indicates a small ending diagonal SMH will probably follow given it is tech as well.

I'm going to post a more specific analysis this weekend, as I did last weekend. This one is Bearish, and is based on my comments of unorthodox prices in counting elliott waves.

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