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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (62469)	12/31/2002 5:39:17 PM
From: Shack	Read Replies (3) \| Respond to of 209892

That QQQ thing may very well turn into a wedge but I am not looking for it yet. Like I said, all I see on the QQQ chart is a straight shot down complete with island reversal off the Dec 2 high, some downward sloping goop in the form of a bear flag into Dec 26, and now we are breaking down from said flag. That breakdown is too fresh for it to reverse right here unless my read is way off. If we do reverse right here, it would be a major hound and a hugely tradable low, which of course is possible. Just look at a daily chart of the QQQ (no indicators-g/ng)and tell me if that thing in any way shape or form looks bullish. Edit-And FWIW, I have a turn on Jan 13.