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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: Chris who wrote (8358)6/1/2001 10:49:41 AM
From: TechTrader42  Read Replies (3) of 52237
 
Chris: What do you make of that sell signal with MACD for QQQ? If it breaks through 43 (area of lower Bollinger band), it could head down to 40, and maybe even below that. Note the low on the weekly chart near 36. (However, the weekly chart isn't giving sell signals longer term, though there are some short-term sell signals even in the weekly.)

It's odd to think of QQQ still overbought in the 44s, but that's what MACD seems to be saying.

Anyway, my guess is a bounce around 44, or trouble: maybe the 40s, and maybe even the 37s.

But my vision of the future has always been strangely blurred and limited.
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