tag:blogger.com,1999:blog-19713238.post5749678399189451365..comments2023-11-05T06:41:02.893-05:00Comments on Wall St. Warrior: NASDAQ Technical Picture - Another High Volume BreakoutTJhttp://www.blogger.com/profile/13294634341130531371noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-19713238.post-55110874112976210252006-10-27T22:12:00.000-04:002006-10-27T22:12:00.000-04:00hortly after 1:00 p.m. EST, it was reported that G...hortly after 1:00 p.m. EST, it was reported that Goldman Sachs is cutting its growth forecast for motherboard shipments. After the broker reportedly said motherboard demand is "falling off a cliff," tech stocks did just that, selling off and removing notable sector leadership that took a toll on overall sentiment. Prior to this report, the QQQQ was forming a bearish rising wedge on the 15 minute timeframe and I was just waiting for it to break. I don't know what sort of follow through we will get next week, but for now let's call it a failed breakout.TJhttps://www.blogger.com/profile/13294634341130531371noreply@blogger.comtag:blogger.com,1999:blog-19713238.post-10160319324263735042006-10-27T16:57:00.000-04:002006-10-27T16:57:00.000-04:00Based on todays market decline, is breakout still ...Based on todays market decline, is breakout still good or is it false now?Anonymousnoreply@blogger.com