QQQQ Trend Analysis - 9/28/2007

In our previous market comments on September 7th we suggested that QQQQ was near the channel support line, and if support holds the QQQQ will rise toward the daily channel resistance around 51. Since then the QQQQ had risen from 48.23 on to 51.58 on Thursday. It was an up week for the major markets. For the week, the Dow Jones Industrial Average climbed 75.44 points, or 0.55%. The Standard Poor's 500 Index climbed 1.00 points, or 0.07%, while the Nasdaq Composite gained 30.28 points, or 1.13%.

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

QQQQ Long-term perspective: The QQQQ has broken the long-term rising channel resistance. Weekly William's Percentage Range (W%R) is strongly overbought and weekly Lane's Stochastic is overbought. Weekly Lane's Stochastic has bearish divergence. Long-term waves structure is forming an A-B-C zigzag where A wave is almost equal C wave.

QQQQ - Long-Term Trend

QQQQ Short-term perspective: Daily Relative Strength Index (RSI) is overbought. Daily MACD and Lane's Stochastic both have bearish divergence. The risk is high that stock market is ready to turn down soon.

QQQQ - Medium-Term Trend

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QQQQ Trend Analysis - 9/7/2007

Last week we had expected QQQQ to resume the downtrend. All the major US indices were negative for the week. The Dow Jones Industrial Average dropped 244.36 points, or 1.83%. The Standard Poor's 500 Index dropped 20.44 points, or 1.39%, while the Nasdaq Composite dropped 30.66 points, or 1.18%.

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

QQQQ Long-term perspective: Our long-term perspective has not changed. The long-term five years old bull market could be over and a new long-term down trend just started. The price is still near the long-term rising channel resistance. In the long-term we expect QQQQ moving down toward the long-term channel support.

QQQQ - Long-Term Trend

QQQQ Short-term perspective: Daily William's Percentage Range (W%R) is overbought. Daily uptrend started on Aug.16 is forming a rising channel. Price is near the channel support line. With the W%R still overbought QQQQ may break the support line, but if support holds the QQQQ could rise toward the daily channel resistance around 51.

QQQQ - Medium-Term Trend

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QQQQ Trend Analysis - 8/31/2007

It was a mixed week for the major markets. For the week, the Dow Jones Industrial Average gave back 21.13 points, or 0.16%. The Standard Poor's 500 Index lost 5.38 points, or 0.36%, while the Nasdaq Composite climbed 19.67 points, or 0.76%.

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

QQQQ Long-term perspective: The long-term five years old bull market could be over and a new long-term down trend just started. In long term we expect QQQQ moving down toward the long-term channel support. Weekly William's Percentage Range (W%R) is overbought and the price is near the long term rising channel resistance.

QQQQ - Long-Term Trend

QQQQ Short-term perspective: Daily William's Percentage Range (W%R) is strongly overbought and Lane's Stochastic (%D-Slow) is overbought. On Friday the QQQQ had a Bearish Deliberation candlestick pattern. The Bearish Deliberation is a medium reliability pattern that shows a weakening upward trend and indicates that the movement is losing momentum. Next week QQQQ may resume the downtrend.

QQQQ - Medium-Term Trend

Presented by www.thegreedytrader.com Research Group.