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| 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%. |
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| Oscillators | Trend Analysis | | | Symbol | Daily | Weekly | Daily | Weekly | Mtly | Qtly | Yrly | Alerts | | 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 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. |
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| QQQQ - Trend |  |
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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. |
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| QQQQ - Trend |  |
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