Michael Huang
Long

QQQ Pullback Then 103 Here we Come in November

NASDAQ:QQQ   POWERSHARES QQQ TRUST, SERIES 1
98 0 0
QQQ             will be pulling back to 99.71 as momentum drops off for a bit but as it does this it will become oversold and hit a major support. Expect QQQ             to break through 102 in the next move up after bouncing off support. I would be surprised to see another dip past 99.71 so soon after a 10% pullback. Market will most likely go higher for a little while.
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