Wednesday, January 16, 2008

QQQQ weekly chart

QQQQ is breaking the weekly trendline. If the market closes below the trendline for the week, that is the time to be aggressive with shorts. At this time, long or short is dangerous. INTC earnings are really creating a havoc.
We have more earnings this week, so the swings can be wild and dangerous. Best time to go fishing.

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