Wednesday, March 4, 2009

QQQQ channel as identified this afternoon - to keep an eye on

Have a chart showing QQQQ parallel t/l and it's a couple of pennies away from overlap. Hourly bars chart from February 9. . Don't know if we get overlap or not - something to watch of course.
Update - here is the chart, and since I posted, it immediately fell off. Obviously other traders seeing it too!

(Note - originally posted at my UBTNB3 site - it's more of a trader's chart really, so you can see why I don't normally include these type charts and notes here, this site is intended to be more accessible for the general public. But I referred to it in my commentary this evening so, I'm adding it here also.)

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