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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject5/16/2001 8:37:49 PM
From: the-phoenix   of 100058
 
Possible Triple Top Forming on QQQ?

Bounce off support today was not too surprising, in retrospect, but I still think the chart looks more bearish than bullish.

The Chart:
webchartbook.com

The Formation:
stockcharts.com

Looks more like a Head and Shoulders on the Nazzy, but either way, look out below.

As usual, caught going the wrong way this morning, so I will probably play what looks like another resistance test coming up by going long on any pullback over the next two days, or if no pullback, hold short until and unless resistance is taken out at Naz 2250 or QQQ 49.

Phoenix
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