SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: James F. Hopkins who wrote (366)4/16/1999 1:11:00 AM
From: Smooth Drive  Read Replies (2) of 2103
 
Hello Jim,

The updated QQQ P&F chart as follows:

114
112                                              X
110                                              4 O
108                                              X O
106                              X           X   X O
104                          X   X O         X O X O
102                          X O X O X   X   X O X
100                      X   X O X 2 X O X O X O X
99                       X O X O X O X O X O X O X  
98                       X O X O X O X O X O X O X + < 2nd BLRL
97                       X O X O   O   O X O X O +
96                       X O X *       O X O X *
95                       X O X   *     O X 3 X   * 
94                       X O X     *   O   O       * < BRSL
93                       1 O X       *   +
92                       X O           *
91                       X           +   *
90                       X         +       *
89                       X       +           *
88                       X     +               *
87                       X   +                   * < BRSL
86                       X +
85                       X                       + < 1st BLRL
84                   X   X                     +
83                   X O X                   +
82               X   X O X                 +
81           X   X O X O                 +
80           X O X O X                 +
79           X O X O                 +
78           X O X                 +
77           X C                 +
76           X                 +
75           X               +                             
74           X             +                     + < BLSL
73           X           +                     +
72           X         +                     +
71           B       +                     +
70           X     +                     +
69 O         X   +                     +
68 O         X +                     +
67 A         X                     +
66 O       + X                   +
65 O     +   X                 +
64 O   +     X               +
63 O +       X             +
62 O X   X   X           +
61 O X O X O X         +
60 O X O X O X       +
59 O   O X O       +
58     O X       +
57     O X     +
56     O X   +
55     O X +
54     O +
53     +

BulLish Support Line (BLSL); BulLish Resistance Line (BLRL); BeaRish Support Line (BRSP) and BeaRish Resistance Line (BRRL).

If it drops down one more box to 102, then we'll have a high pole formation -- and 80% of the time that leads to a sell signal. Decent horizontal support at 97 and 94. Trendline support from the 2nd BLRL at 98 and the BRSL at 94. Still long term bullish (trading above its BLSL) and short term bullish (on a double top buy signal that occurred at 104). Its bullish price objective is 118.

QQQ BULLISH PERCENT CHART

The grand ole P&F Italian master Chartseer has been keeping daily QQQ Bullish chart data since 3/12/99. The daily chart looks like this: 

72
70 X
68 X O
66 X O
64   O
62   O X
60   O X O
58   O X O
56   O X O
54   O X O
52   O X O
50   O X O
48   O X O
46   O X
44   O X
42   O X
40   O

I haven't had a chance to confirm the above with Chartseer, so if yours looks different chartseer, let me know. If not, this daily Bullish % chart is in Bear Confirmed risk status. (48% of the 100 stocks that make up the QQQ are on a P&F buy signal. And that means the other 52 are on sell signals.)

My WAG, we'll see a sell signal on the P&F chart.

Take care,

Eric
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News