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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: DOUG H who wrote (3429)	1/3/2005 1:06:57 PM
From: Walkingshadow	Read Replies (1) of 8752

QQQQ overbought, with bearish divergence in technicals (especially MACD). 139.142.147.218 Price cannot keep moving up in the face of deteriorating technicals. Volume has been dropping off also. And there is a surplus of resistive volume that the market has not yet reacted to. This rally is running out of gas, and long overdue for a correction. But medium and long-term trend is up. Later this year, that might change drastically, but I don't think it will for 5 months at least. I am short QQQQ. T

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