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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (11345)	2/5/2001 3:23:03 PM
From: TechTrader42	Read Replies (1) \| Respond to of 12039

Take a look at the lower Bollinger band in QQQ's chart, and at MACD 13/34/89, or at the lower Donchian channel. This pullback in the Naz may last a little longer than a day -- maybe even a few weeks. The proverbial something or other may not have hit the proverbial fan yet. Then again, who knows? Maybe there's strong support there for QQQ, and maybe the candlestick is indicating a possible reversal. I couldn't say. (MACD 13/34/8 is giving a sell signal, though.) When in doubt ....