QQQQ Trend Analysis - 1/25/2008

It was a negative week for the QQQQ. It lost 3.00% during the week. As we suggested last week, the QQQQ has reached the long-term support area around 42 and turned up.

QQQQ Long-term technical analysis: Our long-term perspective has not changed. The QQQQ has turned down from the long-term rising channel resistance. Long-term uptrend is completed, and a first wave of the new long-term downtrend is in progress. Weekly technical indicators are neutral.

QQQQ - Long-Term Trend

QQQQ Short-term technical analysis: The current down trend started on October 31 2007 at 55.07. It has reached the long-term support area around 42 on Tuesday, Jan.22. The downtrend might unfold as a five waves impulse structure. Daily technical indicators are neutral. The QQQQ is close to several important support lines. The third sub wave is in process now. Price could make several attempts to break the support line. That would form the fourth and fifth sub waves of the current down trend.

QQQQ - Short-Term Trend

Presented by www.thegreedytrader.com Research Group.

Nasdaq Trend Analysis - 1/18/2008

Last week we expected the QQQQ's rebound. There was a sharp move up on Monday, but the QQQQ could make it only to 48.01. Despite of the earlier rebound, it was a negative week for the QQQQ. The QQQQ lost 3.61% for the week.

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

QQQQ Long-term technical analysis: Our long-term perspective has not changed. The QQQQ has turned down from the long-term rising channel resistance. Weekly technical indicators are neutral. Long-term uptrend looks complete, and a first wave of the new downtrend is in progress. The weekly William's Percentage Range (W%R) is strongly oversold. The oversold W%R is usually considered as an earlier warning indicator that signals exhaustion of the sharp down trend and predicts that it may slow down and reverse soon. The chart could be forming a 'Head and shoulders' chart pattern, and the right shoulder is in process now.

QQQQ - Long-Term Trend

QQQQ Short-term technical analysis: The current down trend started on October 31 2007 at 55.07. It is pretty strong and powerful, and the QQQQ lost already 16.2%. It might unfold as a five waves impulse structure and reach a long-term trend support line around 42. The third sub wave is in process now. The third sub wave is usually the longest and the strongest wave, but technical indicators are already in the oversold area, and the QQQQ is close to several important support lines.

QQQQ - Short-Term Trend

Presented by www.thegreedytrader.com Research Group.

Weekly Market Overview - 1/18/2008

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped 507.00 points, or 4.02%. The Standard Poor's 500 Index lost 75.83 points, or 5.41%, while the Nasdaq Composite is down 99.92 points, or 4.10%. All sectors were negative this week. The Energy sector was the worst performing sector of the week followed by the Utilities sector. The Consumer Discretionary sector was the strongest sector last week followed by the Consumer Staples sector. For the second week in a row the Industrial Goods sector is the most overvalued sector followed by Services, while Resorts Casinos, Medical Equip. Wholesale, and Education Training Services are among the most overvalued industries. The Utilities sector is the most oversold sector followed by Basic Materials, while Auto Manufacturers/Major, Wholesale Other, and Processing Systems/Prods are among the most oversold industries.

Presented by www.thegreedytrader.com Research Group.

QQQQ Trend Analysis - 1/11/2008

It was a negative week for the QQQQ. The QQQQ lost 2.79% for the week, not as bad as a week ago. At list market had two glorious days when it turned up sharply. Unfortunately for bulls, it did not last.

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

QQQQ Long-term technical analysis: Our long-term perspective has not changed. The QQQQ has turned down from the long-term rising channel resistance. Weekly technical indicators are neutral. Long-term uptrend looks complete, and a first wave of the new downtrend is in progress. The weekly William's Percentage Range (W%R) is in oversold area. The oversold W%R is usually considered as an earlier warning indicator that signals exhaustion of the sharp down trend and predicts that it may slow down and reverse soon. The chart could be forming a 'Head and Shoulders' chart pattern, and the right shoulder is in process now.

QQQQ Short-term technical analysis: The QQQQ reached our target at 46.5 exactly as we expected last week and reversed up sharply. The ABC zigzag that started on October 31 2007 at 55.07 is almost completed. The C wave is almost equal to the A wave. The Daily Lane's Stochastic (%D-Slow) technical indicator is oversold, and MACD has a Bullish Divergence. The bullish divergence indicates that down trend is loosing momentum and slowing down. The reversal may follow soon to retest the broken support trend line around 50.

QQQQ - Short-Term Trend

QQQQ - Medium-Term Trend

Presented by www.thegreedytrader.com Research Group.

Weekly Market Overview - 1/11/2008

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped 193.88 points, or 1.51%. The Standard Poor's 500 Index lost 10.61 points, or 0.75%, while the Nasdaq Composite dropped 64.71 points, or 2.58%. The Industrial sector was the worst performing sector of the week followed by the Technology sector. The Health Care and Utilities were the strongest sectors again. The Basic Materials sector that has been the most overvalued sector for the four weeks in a row lost his place to the Industrial Goods sector followed by Healthcare. The Specialized Health Svcs, Health Care Plans, and Metals Fabrication were among the most overvalued industries last week. The Technology sector was the most oversold sector followed by Consumer Goods while Photographic Equip/Supls, Computer Peripherals, and Semiconductor-Memory Chips are among the most oversold industries.

Presented by www.thegreedytrader.com Research Group.

QQQQ Trend Analysis - 1/4/2008

It was a negative week for the QQQQ. The QQQQ lost 5.54% for the week. On Friday QQQQ lost 4.39% the biggest daily percentage drop since January 2002.

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

QQQQ Long-term perspective: Our long-term perspective has not changed. 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 a first wave of the new downtrend is in progress.

QQQQ Short-term perspective: After several attempts to break the support trend line the QQQQ was able to penetrated the support moving down sharply last week. The current down wave started on October 31 2007 at 55.07 is forming the ABC zigzag. The B wave presented a Bear Flag chart pattern that usually represents a brief pause after a sharp move in a dynamic market. The C wave is in progress now. In zigzag formation the C wave is usually equals the A wave. In this case the target should be around 46.5. Daily technical indicators are neutral, but if the down move continues, they will turn to the oversold pretty soon.

QQQQ - Short-Term Trend

QQQQ - Medium-Term Trend

Presented by www.thegreedytrader.com Research Group.

Weekly Market Overview - 1/4/2008

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped 464.64 points, or 3.50%. The Standard Poor's 500 Index dropped 56.73 points, or 3.86%, while the Nasdaq Composite dropped 147.63 points, or 5.57%. The Utilities sector was the strongest sector last week followed by the Health Care sector. The Technology sector was the worst performing sector of the week followed by the Consumer Discretionary sector. For the four weeks in a row the Basic Materials sector is the most overvalued sector followed by Conglomerates while Industrial Metals/Mineral, Major Integrated Oil/Gas, and Independent Oil Gas are among the most overvalued industries. The Financial sector was the most oversold sector for two consecutive weeks followed by Health Care, while Regional-Pacific Banks, REIT - Diversified, and REIT - Hotel/Motel were among the most oversold industries.

Presented by www.thegreedytrader.com Research Group.