Sunday, December 02, 2007

QQQQ Trend Analysis - 11/30/2007

It was a positive week for the QQQQ. The QQQQ raised 2.95% for the week - the biggest percentage gained since August.
OscillatorsTrend Analysis
SymbolDailyWeeklyDailyWeeklyMtlyQtlyYrly
QQQQRelative Strength Index (RSI):		56.22
William"s Percentage Range (W%R):	41.1
Lane"s Stochastic (%D-Slow):		61.25Relative Strength Index (RSI):		53.06
William"s Percentage Range (W%R):	19.7
Lane"s Stochastic (%D-Slow):		49.46Pattern:	Uptrend
Low:  		48.85 - 11/21/07
High: 		52.25 - 11/30/07
Current Price:	51.31Pattern:	DownTrend
High: 		55.07 - 10/31/07
Low:  		48.65 - 11/12/07
Current Price:	51.31Pattern:	DownTrend
High: 		55.07 - 10/31/07
Low:  		48.65 - 11/12/07
Current Price:	51.31Pattern:	Rising Channel
Status:		Valid
Low:  		34.35 - 04/29/05
High: 		55.07 - 10/31/07
Support:	46.09 (± 0.49)
Resistance:	51.48 (± 0.49)
Current Price:	51.31Pattern:	Broadening Ascending Wedges
Status:		Valid
Low:  		32.35 - 08/13/04
High: 		55.07 - 10/31/07
Support:	41.63 (± 0.89)
Resistance:	51.53 (± 0.89)
Current Price:	51.31
QQQQ Long-term perspective:
The QQQQ has turned down from the long term rising channel resistance. Weekly technical indicators are neutral. Long-term uptrend 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:
The broad market rallied from the weekly rising channel support line. The QQQQ daily technical indicators are neutral. When rally is completed, the price may retest the support level around 50.
QQQQ - Medium-Term Trend
Technical Stock Market Timing System
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