June 19, 2011

  • QQQ closed the week on the trend line.
  • Daily chart too shows price closing at a support line.
  • So if 53.70 Holds we may see the start of an up move next week.

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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore