The Powershares QQQ Trust (QQQQ) shows price weakened after the bull move in 2007. Price hit the 50% time cycle at 100% retrace which is a bad sign for future price action. Price finished the time cycle at a 75% retrace. Price has now mirrored that move by hitting a 100% price move down at the 50% cycle.
QQQQ Geometry of 2007 Price Range
November 7th, 2008 8 Comments
Tags: Gann Angle Fan · QQQQ
QUALCOMM at 50 Percent Retrace Level
November 7th, 2008 3 Comments
QUALCOMM Inc. (QCOM) reported earnings last night. Price is near the 50% price retrace line after breaking up prematurely in the summer.
Tags: QCOM