QQQQ Trend Analysis - 7/26/2007

All the major US indices were negative. For the week, the Dow Jones Industrial Average dropped 585.61 points, or 4.23%. The Standard & Poor's 500 Index lost 75.15 points, or 4.90%, while the Nasdaq Composite dropped 125.36 points, or 4.66%.

Oscillators Trend Analysis Symbol Daily Weekly Daily Weekly Mtly Qtly Yrly QQQQ

QQQQ Long-term perspective: Last week the stock market had the biggest weekly losses in five years. This significant event may mark the end of the long-term five years old bull market and a start of a new long-term down trend. The long-term uptrend that started in 2002 has three waves stricture that forms the rising channel. Recently the QQQQ tasted the channel resistance line.

QQQQ - Long-Term Trend

The third wave of the long-term uptrend started in June 2006 and it has the rising channel structure very similar to the long-term. This medium-term trend has the three wave structure as well.

QQQQ - Medium-Term Trend

Finally the third wave is the short-term trend that started in March 2007 and it has the three waves structure that form the rising cannel. The QQQQ price reached the triple resistance level on all three long, medium and short-ternm time frames. In long-term we expect price moving down toward the long-term channel support. The weekly Lane's Stochastic is still in overbought area.

QQQQ Short-term perspective: Short-term resistance is broken and daily technical indicators are neutral, but might soon enter the oversold area. It makes the short-term rally possible, but weekly downtrend could continue until the end of October.

QQQQ - Short-Term Trend

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QQQQ Trend Analysis - 7/6/2007

It was an up week for the major markets. For the week, the Dow Jones Industrial Average climbed 203.06 points, or 1.51%. The Standard Poor's 500 Index gained 27.09 points, or 1.80%, while the Nasdaq Composite gained 63.28, or 2.43%.

Oscillators Trend Analysis Symbol Daily Weekly Daily Weekly Mtly Qtly Yrly Alerts QQQQ

QQQQ Long-term perspective: Our long-term perspective has not changed. The QQQQ monthly uptrend that started in June 2006 might be complete or close to completion. The QQQQ broke the long-term channel resistance line. Weekly William's Percentage Range is strongly overbought and Lane's Stochastic is overbought. For the long-term we keep bearish perspective. QQQQ has an Uptrend Exhaustion alert.

QQQQ - Trend

QQQQ Short-term perspective: The QQQQ daily William's Percentage Range and Lane's Stochastic are strongly overbought. MACD has bearish divergence. Price is near the weekly channel resistance 49.12. The QQQQ may test the channel resistance line and even penetrate it, but chances are high that it will turn down pretty soon toward the long-term support line at 40.5 - 41.5 area.

QQQQ - Trend

Presented by www.thegreedytrader.com Research Group.