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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (42653)	9/21/2005 4:24:43 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68426

QQQQ testing the 100 EMA at 38.42. It bounced up just about it intra-day. A break of this level signals a major trend change. QQQQ can't make a new high without INTC and MSFT charts improving significantly anyway. The best QQQ can do is trade a range right now. I would not be look at longs right now, but ERTS should be added to the watch list. ERTS tend to trade more based on new product cycles and the new game platforms should drive sales. SNDA, JMDT are risky right now. In a down market go with the dominant player. Right now it is trendless waiting for the new platforms to ship. BRCM and MRVL should be the leader in any bounce due to their current strong charts.