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nmike
Jul 24, 2012 2:43 PM

qqq 100 stocks above 50MA>>KEY SUPPORT WATCH 

Nasdaq 100 Stocks Above 50-Day AverageINDEX

Description

INDEX is on the verge of breaking down.At moment the DPO is below the mid point. A break below support would signal a medium term DOWNTURN in the Q's.>>>>DIVERGENCES are very effective with this INDEX ,especially when they occur at the bottom or top of the BB(100). Great Index to watch for the short to medium term swing trader.
Comments
gregmills
Followed.
nmike
Index is bullish. Above100MA. DPO above mid point.
charttrader
Thank you for the update.
charttrader
Followed.
Alvari
Followed.
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