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| Alias Born | 06/16/2004 |
Thursday, October 20, 2005 12:48:05 PM
***QQQQ intraday, next 25 minutes appear pivotal, if the bears are going to take over with conviction (after yesterday's bull-market type rally) this is the spot, watch this area closely, currently at $38.68...
*Note on chart, a potential bearish cross-over of the 50 over the 25 moving average, also been bearish movement in MACD all day so far>>>
***EDIT (12:56 PM): QQQQ breaking down as I had sepculated... bears attempting to take over for now, if this is legitimate, expect more volume to come as we enter the 1-2 O'Clock period... also note the 50 has now succeeded the 25 average via the chart just as the price moved below the 50... now retesting that mini "breakdown" to see if it is also legit>>>
***EDIT (12:59 PM): A decent bid between $38.60-$38.63, surely if this breaks, volume will follow...
QQQQ 50 day SMA as resistance?>>>
*Note on chart, a potential bearish cross-over of the 50 over the 25 moving average, also been bearish movement in MACD all day so far>>>
***EDIT (12:56 PM): QQQQ breaking down as I had sepculated... bears attempting to take over for now, if this is legitimate, expect more volume to come as we enter the 1-2 O'Clock period... also note the 50 has now succeeded the 25 average via the chart just as the price moved below the 50... now retesting that mini "breakdown" to see if it is also legit>>>
***EDIT (12:59 PM): A decent bid between $38.60-$38.63, surely if this breaks, volume will follow...
QQQQ 50 day SMA as resistance?>>>
HI-HO SILVER !!!
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