Friday, April 24, 2009

Oh by the way, the QQQQ's almost at the 200-day moving average

About the QQQQ's, another point to note is that they are almost up to their 200-day moving average. This would also be a normal area of potential resistance.

I remember looking at that 200 DMA on the QQQQ or Nasdaq chart several days ago ... so maybe some readers remembered it. So, anyway, it's another factor to keep in mind for this hypothesis that the rally is due to roll over to the pullback that "we all" are looking for!

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