QQQQ Trend Analysis - 11/09/2007

All the major US indices were negative. For the week the Dow Jones Industrial Average dropped 552.36 points, or 4.06%. The Standard Poor's 500 Index dropped 55.95 points, or 3.71%, while the Nasdaq Composite dropped 182.44 points, or 6.49%. Technology was the worth performing sector this week followed by Financial sector. Utilities sector remains the strongest for the three consecutive weeks and the only sector that enjoyed gains this week. Utilities is the most overvalued sector as well while Financial is the most oversold sector. Industrial Metals/Mineral, Gold, Independent Oil Gas are among the most overvalued industries while Regional-Pacific Banks, Regional-Southeast Banks are the most oversold. It was a down week for the QQQQ. On Friday it lost 3.44%, posting the biggest daily percentage losses since December 2001. For the week QQQQ dropped 8.12% - the biggest weekly percentage drop since April 2002.

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

QQQQ Long-term perspective: The QQQQ has turned down from the long term rising channel resistance. Weekly Lane's Stochastic is still overbought and has bearish divergence. Long-term up trend looks complete or near completion and long-term trend reversal is in progress.

QQQQ - Long-Term Trend

QQQQ Short-term perspective: Daily William's Percentage Range (W%R) is already in oversold area. The William's Percentage Range is usually considered as an earliest signal among other technical indicators to indicate an impending reversal. The short-term rising channel support is around 48.

QQQQ - Medium-Term Trend

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