Michael Huang
Long

Big Up Move Coming, Could Break Downtrend

NASDAQ:QQQ   POWERSHARES QQQ TRUST
75 0 0
Several major technical indications are pointing to a turnaround in the current sell off. With QQQ             bouncing off of 84.20 a major double bottom is likely to form. Also the past couple of weeks a falling wedge is forming indicating a sharp turnaround. Lastly a positive divergence in the %BB indicates a big up move.
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