February 21, 2012

CHART-II
  • QQQ Finding support at the cloud. Bears need a close below the cloud which may not happen today.
CHART-I
  • Breaking above 63.86 will help bulls to continue the prevailing trend.
  • Weakness below the support line, But a breaking will be possible only if price breaks below the cloud.

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"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