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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (259)1/6/2002 6:17:33 PM
From: Michael Sphar  Read Replies (1) of 1404
 
I am quite bullish too. Here's another couple of view of qqq:

This shows the 43 overhead. It definitely needs to break through that to keep this momentum going. The
shorter moving average will be benefitting from the dropping off of a number of lower valued days in Oct. This should help drive the MAs to crossover:

quote.yahoo.com

In this much longer term perspective I see a very large bullish inverted head and shoulders pattern working on its second shoulder. Assuming some momentum coming from forward looking projections given during the next several weeks of earnings season, I am guessing that Q will rise substantially in the months ahead which will help propel all the stocks that you are going long currently.<g>

quote.yahoo.com
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