Semis kick it in, pushing SMH above 200 dma, finally. However, QQQQ stalls right at 50% projection September (see chart). Next stop if that is conquered (42.27) would be 42.57. Keep in mind that QQQQ 42 pc ratio is at .77, not very supportive and 43 has more definite call resistance. That should still put massive overhead resistance at NQ 1749/1751.
This entry was posted
on Thursday, October 12, 2006 at 5:59 PM.
