Tuesday, March 28, 2006

Technical - QQQQs

The QQQQs have just broken resistance at $41.50 intraday after testing and failing on Friday and again yesterday.

2 comments:

Anonymous said...

It couldn't sustain it for long... :(

TJ said...

It was doing okay until 10 minutes prior to the FED policy announcement. It broke during lunch, came back to retest the break and was making its way back up. At 2:15 it cratered as did all the U.S. markets. No surprise here except maybe the lack of volatility following the announcement.