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QQQQ Shows Another View of NDX

August 29th, 2008 by AndyAskey

Last night I showed the NDX which needs to break through the 1:1 Gann angle to go higher.  This chart of the Powershares QQQ Trust (QQQQ) shows the same range but adds more detail.


Chart courtesy of Stockcharts.com

Notice the 1:1 angle is near $48.  A break through this level that also breaks through the 2:1 ascending angle (blue) will put the QQQQ in position to move to $55.

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