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11/28/06 10:25 PM

#2362 RE: 3xBuBu #2361

QQQQ: Wonderbuy, good call on Q support 43.36 which is a holygrail dma, and also a breakout support on daily.

Glad to hear that you had a 50% gain on your option play which you told me yesterday.

Qs is still on uptrend line, no confirmation for a ST top. Month-end and 1st of month market up favors the bounce from the yesterday sell-off as markets consolidated today.

However, I see, Breadth Warning Signs for a pull back as I commented before. I also mentioned favorable Seasonality, but let's not trust seasonality as I said the same thing during Summer and Sept/Oct for NOT-as-usual-Seasonality market price actions.

Qs shows intra - daily negative divergences confirming breadth negative divergences across major market internal.

Q resistances, 44 - 44.22 on intra day charts.

As you see, all daily charts' indicators are showing, breaking up trend, e.g. MACD; hence, add more warning for a pull back.


Best Wishes