Wednesday, August 5, 2009
August 5th - Stock Market Review
The NASDAQ - QQQQ
In the weekly chart there is a resistance at 40- 40.5 level
In the daily chart the last move was from 25.56 to 40.19 . the big question if we saw the high
The last move from 34 to 40 the pull back can be 37.97… 37.27…. and the support level 36.57
We have support at 39.5, breaking this level and we can see a bigger pull back and the next support is 38.75
In the weekly chart there is a resistance at 40- 40.5 level
In the daily chart the last move was from 25.56 to 40.19 . the big question if we saw the high
The last move from 34 to 40 the pull back can be 37.97… 37.27…. and the support level 36.57
We have support at 39.5, breaking this level and we can see a bigger pull back and the next support is 38.75
Subscribe to:
Posts (Atom)
Posts
