Sunday, November 25, 2007

QQQQ Trend Analysis - 11/23/2007

It was a negative week for the QQQQ. The QQQQ lost almost 0.88% for the short trading week.
OscillatorsTrend Analysis
SymbolDailyWeeklyDailyWeeklyMtlyQtlyYrly
QQQQRelative Strength Index (RSI):		31.23
William"s Percentage Range (W%R):	84.7
Lane"s Stochastic (%D-Slow):		27.54Relative Strength Index (RSI):		52.62
William"s Percentage Range (W%R):	37.5
Lane"s Stochastic (%D-Slow):		61.11Pattern:	Uptrend
Low:  		48.65 - 11/12/07
High: 		51.44 - 11/14/07
Current Price:	49.84Pattern:	DownTrend
High: 		55.07 - 10/31/07
Low:  		48.65 - 11/12/07
Current Price:	49.84Pattern:	DownTrend
High: 		55.07 - 10/31/07
Low:  		48.65 - 11/12/07
Current Price:	49.84Pattern:	Rising Channel
Status:		Valid
Low:  		34.35 - 04/29/05
High: 		55.07 - 10/31/07
Support:	45.99 (± 0.49)
Resistance:	51.38 (± 0.49)
Current Price:	49.84Pattern:	Broadening Ascending Wedges
Status:		Valid
Low:  		32.35 - 08/13/04
High: 		55.07 - 10/31/07
Support:	41.58 (± 0.89)
Resistance:	51.44 (± 0.89)
Current Price:	49.84
QQQQ Long-term perspective:
The QQQQ has turned down from the long term rising channel resistance. Weekly technical indicators are neutral. Long-term up trend looks complete or near completion and long-term trend reversal is in progress.
QQQQ - Long-Term Trend
Technical Stock Market Timing System
QQQQ Short-term perspective:
Daily William's Percentage Range is oversold. The price is near the short-term rising channel support (48-49). The DIA and SPY both have the uptrend support alert. If support holds, we may see a rebound for all three major indices next week.
QQQQ - Medium-Term Trend
Technical Stock Market Timing System
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