The phase chart for QQQQ shows that it is now in “Accumulation” phase. The 50 day and 200 day moving average is about to make a crossover. When that happens, the QQQQ will be in “Bullish” mode.
Let’s see if this can take place this week.
Tuesday, June 17, 2008
US Technology Sector
US technology sector had a good day on Monday with the NASDAQ up 20.28 points. If you are confident of the US technology, you can invest in QQQQ which tracks the NASDAQ index.
The phase chart for QQQQ shows that it is now in “Accumulation” phase. The 50 day and 200 day moving average is about to make a crossover. When that happens, the QQQQ will be in “Bullish” mode.
Let’s see if this can take place this week.
The phase chart for QQQQ shows that it is now in “Accumulation” phase. The 50 day and 200 day moving average is about to make a crossover. When that happens, the QQQQ will be in “Bullish” mode.
Let’s see if this can take place this week.
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