The Powershares QQQ Trust (QQQQ) is most likely heading for the 50/50 point in a few days. Today price bounced off the 5/8s retrace line. There are no guarantees but I’ll bet a cold beer that price hits $48 after options expiration.

Chart courtesy of Stockcharts.com
Post Modified: July 3rd, 2008 at 12:27 am
Tags: Price-Time Balance · QQQQ · Square of RangeNo Comments
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