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| It was a mixed week for the major markets. For the week, the Dow Jones Industrial Average gained 230.31 points, or 1.73%. The Standard Poor's 500 Index gained 16.90 points, or 1.12%, while the Nasdaq Composite gave back 3.77 points, or 0.15%. |
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| Oscillators | Trend Analysis | | Symbol | Daily | Weekly | Daily | Weekly | Mtly | Qtly | Yrly | | QQQQ |  |  |  |  |  |  |  | |
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QQQQ Long-term perspective:
Our long-term perspective has not changed. The QQQQ monthly uptrend that started in June 2006 is not over yet. The fifth wave is still in progress and near completion. The QQQQ is near the long-term channel resistance. The uptrend should be close to the top as the price is near the resistance line, weekly William's Percentage Range (W%R) and Lane's Stochastic are strongly overbought. |
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| QQQQ - Trend |  |
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QQQQ Short-term perspective:
The QQQQ weekly up trend that started on 3/5/2007 has a five waves impulse structure. The fifth wave is now in progress. The QQQQ daily MACD has bearish divergence. The QQQQ price (46.71) is near the weekly rising trend support line (46.24). |
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| QQQQ - Trend |  |
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