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The QQQQ Report for February 12th - February 16th, 2007
Casey Murphy - February 12, 2007


In our last report, we mentioned that the RSI indicator has been creating a series of lower highs while the QQQQ has continued to move sideways. This negative divergence continues to be a factor that is causing many traders to question the conviction of the longer-term uptrend. We believe that the 100 DMA is still an adequate short-term target as the QQQQ continues its consolidation.

 


Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor


 Previous Chart Alerts:    GGG   QQQQ   BA   QQQQ   WMB   QQQQ   OIL   QQQQ   OXY   QQQQ   INTL   QQQQ   EBAY   QQQQ   BJ   ECA   GYI   GYI   GM   WMB   AMZN   QQQQ   PCAR   QQQQ   WMT  


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