MichaelGLamothe

Not a pretty picture for QQQ

NASDAQ:QQQ   POWERSHARES QQQ TRUST
qqq
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Yesterday we noted that Monday's low would be an important line in the sand along with the 200dma and the September high of 108.73. So far this morning all of those levels have been lost. If QQQ             is unable to recover 108.73 and the 200dma, I would look for those former levels of support to begin turning into resistance.
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