From 10-10:30am this morning the bulls pushed the Q's higher, above their July 19 intraday high of $50.66 in fact. , but after a few hours of retreat and going nowhere the bears started to attack. From noon to 1:30pm the Q's had given up the entire day's gains and some. As of this post the Q's are languishing at the session lows.
The Q's are still in a short term uptrend which started Sept. 10 and staying in the middle of the channel.
But how much longer? Is tech a true safe haven?
Will this week's durable goods report be favorable to tech?
I have my trigger finger on QID!
Showing posts with label QQQQ. Show all posts
Showing posts with label QQQQ. Show all posts
Monday, September 24, 2007
Long QQQQ
QQQQ went from $50.50 to $50.90, between 10:15 and 10:27am. Broke through year's
high. $.40 move
high. $.40 move
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